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Business, 02.07.2021 19:10 Arealbot

Keenan has won the lottery for $10,000,000. He is offered a cash payment now of $7,500,000, or 10 annual payments of $1,000,000. What is the interest rate that makes these two amounts equal

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Keenan has won the lottery for $10,000,000. He is offered a cash payment now of $7,500,000, or 10 an...
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