Asa has invested money from the settlement of an insurance claim. She plans to withdraw $5,280...

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Asa has invested money from the settlement of an insurance claim. She plans to withdraw $5,280 from her savings account at the end of each year for four years. If the payments are deferred for seven years and interest is 9% compounded monthly, what was the amount of the insurance settlement? of *** The insurance settlement was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Asa has invested money from the settlement of an insurance claim. She plans to withdraw $5,280 from her savings account at the end of each year for four years. If the payments are deferred for seven years and interest is 9% compounded monthly, what was the amount of the insurance settlement? of *** The insurance settlement was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer rating: 100% (QA)

To find out the amount of the insurance settlement we can use the present value formula for an annui... View the full answer