At what interest rate are you indifferent

Reference no: EM132973748

Question: You have just won $50 million in a lottery and are offered two options:

receive $39.43 million today or receive $5 million per year for the next 10 years.

At what interest rate are you indifferent to the choice between the two options? (Round answer to 2 decimal places, e.g. 25.12%. Do not round your intermediate calculations.)

Reference no: EM132973748

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