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You just settled an insurance claim. The settlement calls for increasing payments over a seven-year period. The first payment will be paid one year from now in the amount of $8,000. the following payments will increase by 5% annually. What is the value of this settlement to you today if you can earn 7% on your investments?

FORMAT TO AT LEAST 6 DECIMAL PLACES

31,063.79

36,408.28

57,811.54

49,491.43

45,785.85

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91546448

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