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

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 19 remaining $ 50,000 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 percent is the appropriate discount​ rate, what is the present value of the cash​ flows? a. If 10 percent is the appropriate discount​ rate, what is the present value of this stream of cash​ flows?

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