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Assume you won the lottery. Your prize can be taken in the form of 85,000 at the end of each of the next 30 years
Assume you won the lottery. Your prize can be taken in the form of 85,000 at the end of each of the next 30 years (that is 2,550,000 over the next 30 years) or as a single amount of 1,542,000 paid immediately.
A.) On a strictly economic basis, the rate at which you would be indifferent between the two plans is _________.
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