All else equal,at what interest rate would the PDV of a lottery prize that pays $1,000,000 today and $1,000,000 each year for the next 19 years be equal to $10,000,000?
A) 5.26%
B) 7.75%
C) 8.92%
D) 50.00%

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The Answer of All else equal,at what interest rate would the PDV of a lottery prize that pays $1,000,000 today and $1,000,000 each year for the next 19 years be equal to $10,000,000?
A) 5.26%
B) 7.75%
C) 8.92%
D) 50.00%

All Else Equal,at What Interest Rate Would the PDV of a Lottery