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Business, 20.02.2022 04:00 punani

You have just won the Publisher's Clearinghouse lottery of $50,000 per year for twenty years with the first payment one year later followed by nineteen more end-of-the-year cash flows. As an alternative, you are offered a lumpsum lottery payment of $679516.3172 today. What is the interest rate such that you will be indifferent between the two options

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