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Suppose you win $130.00 and immediately trade it for the lump sum of $190.00 to be received at the end of year 10. Which comes
Suppose you win $130.00 and immediately trade it for the lump sum of $190.00 to be received at the end of year 10. Which comes closest to the interest rate earned on the trade?
3.79%
3.87%
4.62%
16.67%
4.35%
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