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f 1 0 % . ] B . The KY Lottery starts a new lottery to support higher education grants. The lottery board estimates that
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B The KY Lottery starts a new lottery to "support higher education grants". The lottery board estimates that it can collect $ of which half M will go directly to KY College Students. How much can the lottery pay the winner if they receive equal payments starting with one payment initially and then annual payments? Assume a discount rate of
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