The state lotterys million-dollar payout provides for 11, Financial Management

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The state lotterys million-dollar payout provides for 11

The state lottery's million-dollar payout provides for $1.1 million to be paid in 20 installments of S55.000 per payment. The first 555,000 payment is made immediately, and the 19 remaining S55,000 payments occur at the end of each of the next 19 years. If 6 percent is the discount rate, what is the present value of this stream of cash flows? If 12 percent is the discount rate, what is the present value of the cash flows?

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Financial Management: The state lotterys million-dollar payout provides for 11

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Financial Management: The state lotterys million-dollar payout provides for 11

Reference No:- TGS01419130

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