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Business, 06.08.2021 16:50 cristabean87

William won a lottery that will pay him $490000 at the end of each of the next twenty years. Teal Mountain has offered to purchase the payment stream for $5189100. What interest rate (to the nearest percent) was used to determine the amount of the payment

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William won a lottery that will pay him $490000 at the end of each of the next twenty years. Teal Mo...
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