What is the present value of the cash flows

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Sharon won a lottery that will make a payment $80,000 every year, starting today, for the next 10 years. If she invests the payments at a rate of 5.00% per year, what is the present value of the cash flows over the 10 year period? Interests for the 10 equal payments will be compounded at the end of each year.

Reference no: EM132267381

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