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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

f 10%.]
B. The KY Lottery starts a new lottery to "support higher education grants". The lottery board estimates that it can collect $50M of which half (25M) 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 9 annual payments? Assume a discount rate of 10%.
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