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William winbig has won the set for life lottery and will receive a payment of $79,458.37 every year, starting today, for the next 20 years

William winbig has won the set for life lottery and will receive a payment of $79,458.37 every year, starting today, for the next 20 years .if William invest the proceeds at the rate of 7.25 per cent annum,what will be the present value of the cash flows he will receive

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