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Business, 19.03.2020 08:37 Jasten

Dorothy Taylor has won a state lottery and will receive a payment of $93,000 every year, starting today, for the next 20 years. If she invests the proceeds at a rate of 5.76 percent, what is the present value of the cash flows that she will receive? (Round factor values to 4 decimal places, e. g. 1.5212 and final answer to nearest whole dollar, e. g. 5275.)

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Dorothy Taylor has won a state lottery and will receive a payment of $93,000 every year, starting to...
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