Moving to another question will save this response >> Questions 4 points Save Answer You just settled an insurance claim. The settlement calls for increasing payments over a five year period. The first payment will be paid one year from now in the amount of $7,000. The following payments will increase by 3.5 percent annually. What is the value of this settlement to you today if you can earn 6.5 percent on your investments $32 803 $12,857 $8.571 59.243