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You fust aettied an haurance claim that cafs for increasing payments over a 9year peniod. The fest payment wil be paid one year from now

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You fust aettied an haurance claim that cafs for increasing payments over a 9year peniod. The fest payment wil be paid one year from now in the amount of $5, coo. The fotowing payments will increase by 2.4 percort annually. What is the value of this setiement to you today if you can earn 5.4 percent on your investrrents? (bo not ruund intermediate calculabiona and rownd yeur anwwer to 2 decimal places. e.9., 12.16.]

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