Business, 27.08.2019 19:30 shey89

Suppose you just won the state lottery, and you have a choice between receiving $2,575,000 today or a 20-year annuity of $250,000, with the first payment coming one year from today. what rate of return is built into the annuity? disregard taxes.

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Suppose you just won the state lottery, and you have a choice between receiving $2,575,000 today or...