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Congratulations! you just won a provincial lottery! as your prize you will receive $ 1 , 5 8 9 . 0 0 a month for

Congratulations! you just won a provincial lottery! as your prize you will receive $1,589.00 a month for 34years. As an alternative the lottery will pay you a lump sum of $311,445.32 today. what is the implied rate of return the lottery is using?

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