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Alysha has just won a lottery. She will receive a payment of $ 3 , 0 0 0 at the end of each year for

Alysha has just won a lottery. She will receive a payment of $3,000 at the end of each year for 9 years. As an alternative, she can choose an immediate payment of $25,000.
Which alternative should she pick if the interest rate is 8 percent?
Alysha should pick
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What would the interest rate have to be for Alysha to be indifferent about the two alternatives? (Round answer to 4 decimal places, e.g.25.2341%. Do not round your intermediate calculations.)
Interest rate
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