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PLEASE SHOW /ANSWER IN EXCEL You just settled an insurance claim that calls for increasing...

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Finance

PLEASE SHOW /ANSWER IN EXCEL

You just settled an insurance claim that calls for increasing payments over a 13-year period. The first payment will be paid one year from now in the amount of $5,000. The following payments will increase by 2.2 percent annually. What is the value of this settlement to you today if you can earn 6.6 percent on your investments?

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