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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 $ at the end of each year for years. As an alternative, she can choose an immediate payment of $
Which alternative should she pick if the interest rate is 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 decimal places, eg Do not round your intermediate calculations.
Interest rate
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