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Business, 06.11.2020 17:10 sierravick123owr441

John won a lottery that will pay him $500,000 at the end of each of the next twenty years. Zebra Finance has offered to purchase the payment stream for $6,231,105. What interest rate (to the nearest percent) was used to determine the amount of the payment

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John won a lottery that will pay him $500,000 at the end of each of the next twenty years. Zebra Fin...

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