What will be the present value of the cash flows

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Question - Leon Luck has won a big prize and will be given $100,000 every six months commencing today for the next 25 years. If he invests the winnings at a rate of 9.24 percent per annum, what will be the:

i. Present value of the cash flows

ii. Future value of the cash flows

iii. Effective annual rate

Reference no: EM133173055

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