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Business, 15.02.2022 21:30 powellalyvia

You have a choice between a lottery lump sum payout of $5,509,253.62 today or a series of twenty annual annuity payments of $500,000 each (first cash flow one year from today). At what discount rate are you indifferent between the two choices

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You have a choice between a lottery lump sum payout of $5,509,253.62 today or a series of twenty ann...

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