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Question You just settled an insurance claim. The settlement calls for increasing payments over a five-year period. The first payment wil be paid one year
Question You just settled an insurance claim. The settlement calls for increasing payments over a five-year period. The first payment wil be paid one year from now in the amount of $7,000. The following payments will increase by 3.5 percent annually. What is the value of this settlement to you today if you can earn 65 percent on your investments? $32,803 O $12.857 S8.571 O$9,243
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