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Margaret Moore, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay
Margaret Moore, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay her a lump sum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn percent annually, how much should Margaret require the investor to pay for the cash flows? Round answer to decimal places, eg Do not round factor values. Present value of investment $
Margaret Moore, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay her a lump sum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn percent annually, how much should Margaret require the investor to pay for the cash flows? Round answer to decimal places, eg Do not round factor values.
Present value of investment
$
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