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Present value of this stream of cash? flows

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The state? lottery's million-dollar payout provides for ?$1.1 million to be paid in 25 installments of ?$44000 per payment. The first ?44,000 payment is made? immediately, and the 24 remaining ?$44,000 payments occur at the end of each of the next 24. If 12 percent is the discount? rate, what is the present value of this stream of cash? flows?

Reference no: EM132502530

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