The state? lottery's million-dollar payout provides for ?$1 ?million(s) to be paid over 19 years in...

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

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