Question: Which annual interest rate, compounded annually, would result in option 1 having a value $1,561 higher than option 2 at the end of the state
Which annual interest rate, compounded annually, would result in option 1 having a value $1,561 higher than option 2 at the end of the state lottery payout period?
Here are the answer choices, i think it can be more than one, but not sure.
2.5%
4%
6.7%
7.6%
8.2%
9.49%
10.26%
14.38%
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