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1. The Florida lottery agrees to pay the winner $260,000 at the end of each year for the next 20 years. What is the future

1. The Florida lottery agrees to pay the winner $260,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.07?

2. A firm's current ratio is 1.0, and its quick ratio is 1.0. If its current liabilities are $14,000. What are its inventories?

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