Question: I need help with this interest rate problem. please and thanks Suppose an individual is considering the present value of two wage payment plans as

I need help with this interest rate problem. please and thanks

Suppose an individual is considering the present value of two wage payment plans as shown below. What should be the interest rate (in percentage) for the individual to be indifferent between the two plans? (Round up to two decimal points. Numerical answer only.) Wage Payment Schedules Payment Plan Year 1 Year 2 Year 3 Plan 1 100 100 100 Plan 2 55 100 150

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