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Susan Wilson, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay
Susan Wilson, 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 lumpsum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn 10.70 percent annually, how much should Susan require the investor to pay for the cash flows? (Round answer to 2 decimal places, eg. 15.25, Do not round foctor values.)
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