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4.21 Present value with multiple cash flows: Polly Chan, a lottery winner, will receive the following payments over the next 7 years. If she can

4.21 Present value with multiple cash flows: Polly Chan, a lottery winner, will receive the following payments over the next 7 years. If she can invest her cash flows in a fund that will earn 10.5 per cent annually, what is the present value of her winnings?

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