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Your parents just settled an insurance claim. The first payment of $15,000 will be paid one year from today, and the following payments will increase

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Your parents just settled an insurance claim. The first payment of $15,000 will be paid one year from today, and the following payments will increase by 4% annually over a ten year period. What is the value today of this settlement if you can earn 8.5% on your investments? O $60,937 O $115,103 O $129,491 O $333,333 O Cannot be calculated from the information given

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