Question: please show how to do with BAII plus caculator Annuity vs. Lump Sum At what interest rate (as an EAR) would you be indifferent between
please show how to do with BAII plus caculator
Annuity vs. Lump Sum At what interest rate (as an EAR) would you be indifferent between the following two choices: 1) receiving $10,000 per year, starting 1 year from today, for a total of 2 payments (the last payment occurs 2 years from today in that case)... OR, 2) receiving $21,166 exactly 2 years from today? Answer: % Margin of error for correct responses: +/-.03%. Rounding and Formatting instructions: Do not enter a % sign in your response. Do not round any intermediate work, but round your "final response to 2 decimal places (Example: if your answer is 12.34567%, you should enter 12.35.)
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