Business, 27.10.2020 18:00 savingmayo

Your friend just won the Pennsylvanialottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. What interest rate makes her indifferent between the two options

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Your friend just won the Pennsylvanialottery. She has the choice of $15,000,000 today or a 20-year a...