Question: how to solve this problem? plz solve it step by step, do not use excel to solve it Alysha has just won a lottery. She

how to solve this problem? plz solve it step by step, do not use excel to solve ithow to solve this problem? plz solve it step by step, do

Alysha has just won a lottery. She will receive a payment of $7,700 at the end of each year for 9 years. As an alternative, she can choose an immediate payment of $65,000. Which alternative should she pick if the interest rate is 6 percent? Alysha should pick Immediate payment What would the interest rate have to be for Alysha to be indifferent about the two alternatives? (Round answer to 4 decimal places, e.g. 25.2341%. Do not round your intermediate calculations.) Interest rate %

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