the states lottery million-dollar payout provides for $1.3 million to be paid in 20 i stallments of...

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thestates lottery million-dollar payout provides for $1.3 million tobe paid in 20 i stallments of $65,000 per payment. The first$65,000 payment is made immediately, and the 19 remaining $65,000payments occur at the end of each of the next 19 years. If 6percent is the discount rate, what is the present value of thisstream of cash flows? If 12 percent is the discount rate, what isthe present value of the cash flows?

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thestates lottery million-dollar payout provides for $1.3 million tobe paid in 20 i stallments of $65,000 per payment. The first$65,000 payment is made immediately, and the 19 remaining $65,000payments occur at the end of each of the next 19 years. If 6percent is the discount rate, what is the present value of thisstream of cash flows? If 12 percent is the discount rate, what isthe present value of the cash flows?

the states lottery million-dollar payout provides for $1.3 million to be paid in 20 i stallments of...

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