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A late penalty of 10% will apply to new answers. It is the end of 2022. You (foolishly) played the lottery and won the following
A late penalty of 10% will apply to new answers. It is the end of 2022. You (foolishly) played the lottery and won the following cash flows, to be paid at the end of each year: The appropriate interest rate is 15%. Attempt 1/10 for 9 pts. What is the sum of present values? Now assume that the interest rate is 13%. What is the present value of all cash flows
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