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Savannah has just won the state lottery. She will receive seven equal annual payments of $15,000, beginning one year from today. Assuming an 7%

Savannah has just won the state lottery. She will receive seven equal annual payments of $15,000, beginning one year from today. Assuming an 7% interest rate compounded annually, the present value of those receipts today is O s100,651. O S80,839. O $109,703. O $103,000.

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