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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 lum
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 lum sum of $4,909,073.70 today. what interest rate you using in your decision-making process such that you are indifferent between the two choices?
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