You win the lottery and can choose between 20 annual
You win the lottery and can choose between 20 annual payments (beginning today) of $50,000 or $684,936 as a lump sum today. What is the discount rate the government must be using to calculate the lump sum payment assuming annual compounding?
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you win the lottery and can choose between 20 annual payments beginning today of 50000 or 684936 as a lump sum today
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