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Alysha has just won a lottery. She will receive a payment of $7,500 at the end of each year for 9 years. As an alternative,

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Alysha has just won a lottery. She will receive a payment of $7,500 at the end of each year for 9 years. As an alternative, she can choose an immediate payment of $62,500. Which alternative should she pick if the interest rate is 5 percent? Alysha should pick eTextbook and Media 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.)

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