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QUESTION
Sharon Kabana has won a state lottery and will receive a payment of $81,352.32 every year, starting today, for the next 20 years. If she invests the...
Sharon Kabana has won a state lottery and will receive a payment of $81,352.32 every year, starting today, for the next 20 years. If she invests the proceeds at a rate of 7.52 percent, what is the present value of the cash flows that she will receive?
