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reader's digest's milion dollar pauyments provides for Rm 1 milion to be paid over 20 years in rm 50000 amounts. the first rm 50000payments is

reader's digest's milion dollar pauyments provides for Rm 1 milion to be paid over 20 years in rm 50000 amounts. the first rm 50000payments is made immediately and the 19 remaining rm50000 payments occur at the end of the next 19 years. if 10% is the appropriate discount rate determine the present value of this stream of cash flows.

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