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The lottery's million dollar payout provides 1 million to be paid over 19 years in 20 payments of $50,000. The first $50,000 is paid immediately, and the remaining 19 $50,000 dollar payments occur at the end of each of the next 19 years. If 10 percent is the appropriate discount rate, what is the present value of this stream of cash flows? If 20% is the appropriate discount rate, what is the present value of the cash flows?

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Category:- Basic Finance
Reference No.:- M9858264

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