Question: please show your work. Example: You won the lottery and receive annual payments of $50,000 for twenty years. This adds up to $1,000,000. What rate,

please show your work.

Example: You won the lottery and receive annual payments of $50,000 for twenty years. This adds up to $1,000,000. What rate, compounded annually, would an investor earn if they bought your lottery winnings for $500,000 today

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