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What interest rate used to determine the amount of payment

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Question - Jonas won a lottery that will pay him $200,000 at the end of each of the next twenty years. Zebra Finance has offered to purchase the payment stream for $2,718,000. What interest rate (to the nearest percent) was used to determine the amount of the payment?

A) 7%.

B) 6%.

C) 4%.

D) 5%.

Reference no: EM131793554

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