The Texas Lottery gives you the choice between 2 5 equal payments ( first one today )

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Question:

The Texas Lottery gives you the choice between

25

equal payments

(

first one today

)

or a lump sum today equal to roughly half the value of the prize. Assume the prize is worth $

3

million. estimate the implied interest rate

Posted Date: May 18, 2024 11:13 PM

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The Texas Lottery gives you the choice between 2 5 equal payments ( first one today )

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