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Business, 18.02.2020 00:26 josephvcarter
After winning the lottery, you state that you are indifferent between receiving twenty $500,000 end-of-the-year payments (first payment one year from today), or a lump sum of $5,734,961 today. What interest rate are you using in your decision-making process such that you are indifferent between the two choices?
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After winning the lottery, you state that you are indifferent between receiving twenty $500,000 end-...
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