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J.D Klein has won the lottery and she will receive a payment of $89,729.45 every year, starting today, for the next 20 years. If she
J.D Klein has won the lottery and she will receive a payment of $89,729.45 every year, starting today, for the next 20 years. If she invests the proceeds at a rate of 7.25% , what is the present value of the cash flows that she will receive? Show your work.
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