The present value of the insurance settlement

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Reference no: EM131973125

You are in a car? accident, and you receive an insurance settlement of ?$3500 per year for the next three years. The first payment is to be received today. The second payment is to be received one year from? today, and the third payment two years from today. If the interest rate is 5?%, the present value of the insurance settlement is ____. (Round your response to the nearest two decimal? place)

Reference no: EM131973125

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