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after winning the lottery, you state that you are indifferent between receiving twenty $500,000 end-of-the-year payments (first payment one year from today) or a lump
after winning the lottery, you state that you are indifferent between receiving twenty $500,000 end-of-the-year payments (first payment one year from today) or a lump sum of $5,734,961 today. what interest rate are you using in your decision-making process such that you are indifferent between the two choices?
a. 5%
b.6%
c.7%
d.8%
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