The Multi-State Lottery Association (MSLA) that administers Powerball determined the amount of the annual annuity payment as

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The Multi-State Lottery Association (MSLA) that administers Powerball determined the amount of the annual annuity payment as follows. First the MSLA determined that, from lottery ticket sales, it could pay $227.8 million as a single lump prize. The MSLA then obtained quotes in the financial markets on 30-year annual-payment annuities due that could be purchased with the $227.8 million. The best quote was $11.3333 million per year. Rounded to the nearest 0.01%, what was the rate of return on this annuity?
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