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You fust settled an insurance claim that calis for increasing paymonts over a 9 -year period. The first payment will be paid one from row

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You fust settled an insurance claim that calis for increasing paymonts over a 9 -year period. The first payment will be paid one from row in the amount of 55,000 . The following payments will increase by 2.4 percent annually. What is the value of this settlement to you today if you can eam 5.4 percent on your investments? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16)

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