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Question 64 Maggie has just won a lottery. She will receive a payment of $6,030 at the end of each year for 9 years. As
Question 64 Maggie has just won a lottery. She will receive a payment of $6,030 at the end of each year for 9 years. As an alternative, she can choose an immediate payment of $50,169. Which alternative should she pick if the interest rate is 6 percent? Maggie should pick What would the interest rate have to be for Maggie to be indifferent about the two alternatives? (Round answer to 4 decimal places, e.g. 25.2341%. Do not round your intermediate calculations.) Interest rate
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