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A huge worldwide retailer has made cyber security changes to help prevent financial liabilities and identity theft. The changes are estimated to result in legal

A huge worldwide retailer has made cyber security changes to help prevent financial liabilities and identity theft. The changes are estimated to result in legal and customer service savings each year for 3 years. The companys time value of money is 6% per year.

What is the future worth at year 3 if the annual savings are $12,000,000 per year?

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