Question: 4.21 Present value with multiple cash flows: Polly Chan, a lottery winner, will receive the following payments over the next 7 years. If she can

4.21 Present value with multiple cash flows: Polly Chan, a lottery

4.21 Present value with multiple cash flows: Polly Chan, a lottery winner, will receive the following payments over the next 7 years. If she can invest her cash flows in a fund that will earn 10.5 per cent annually, what is the present value of her winnings? 2 3 4 6 7 Year $200 000 $250000 $275000 $300 000 $350 000 $400000 $550 000

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