Mathematics, 05.01.2020 01:31 sevaramirabell
Question text you have just won the lottery. the lottery corporation offers you two options: 1. a lump-sum payment of $400,000, or 2. an annuity of $800,000 to be received in equal installments over the next 20 years. at what interest rate, r, will you be indifferent between the two options?
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Question text you have just won the lottery. the lottery corporation offers you two options: 1. a l...
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