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Suppose you just won the state lottery, and you have a choice between receiving $2,550,000 today; or a 20-year annuity of $250,000, with the first
Suppose you just won the state lottery, and you have a choice between receiving $2,550,000 today; or a 20-year annuity of $250,000, with the first payment coming one year from today. What annual rate of return is built into the annuity? Please enter your answer to the nearest 100th (i.e., "8.24") do not put a "%" after your input
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