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Suppose you win $ 130.00 and immediately trade it for the lump sum of $ 200.00 to be received at the end of year 10
Suppose you win $130.00 and immediately trade it for the lump sum of $200.00 to be received at the end of year 10. Which comes closest to the interest rate earned on the trade?
| 4.31% | ||
| 4.40% | ||
| 14.29% | ||
| 7.33% | ||
| 5.38% |
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