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You just settled an insurance claim and the first payment of $4,500 will be paid one year from today. The payments will continue for 12

You just settled an insurance claim and the first payment of $4,500 will be paid one year from today. The payments will continue for 12 years in total and will increase by 2.5 percent annually. What is the value today of this settlement assuming you can earn 3.65 percent on your investments?

$41,311
$43,959
$44,723
$48,374
$49,034

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