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Jessica has just won a lottery jackpot. She will get the money in 26 equal installments of $307,692 each, starting immediately. The Li Li Finance
Jessica has just won a lottery jackpot. She will get the money in 26 equal installments of $307,692 each, starting immediately. The Li Li Finance Company offers her $2,000,000 cash if she signs the payments over to them. What interest is the Li Li Finance Company earning on this offer?
a.5.5%
b.7.5%
c.7.8%
d.17.9%
e.15%
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