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QUESTION
PROBLEM 8: Jessica has just won an $8 million lottery jackpot. She will get the money in 26 equal installments of $307,692 each, starting immediately....
PROBLEM 8: Jessica has just won an $8 million lottery jackpot. She will get the money in 26 equal installments of $307,692 each, starting immediately. The Li Li Finance Company offers her $2,000,000 cash if she signs the payments over to them. What interest is the Li Li Finance Company earning on this offer?
