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Present value of the cash flows she will receive

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Winnie Winalot has won the Set for Life lottery and will receive a payment of $77,326.76 every year, starting today, for the next 20 years. If Winnie invests the proceeds at a rate of 7.84 percent per annum, what will be the present value of the cash flows she will receive?

Reference no: EM132535360

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