Question: f 1 0 % . ] B . The KY Lottery starts a new lottery to support higher education grants. The lottery board estimates that

10 % .]

.

The KY Lottery starts a new lottery to "support higher education grants". The lottery board estimates that it can collect $

50 M

of which half

(25

)

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 % .

f 10%.] B. The KY Lottery starts a new lottery to

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