PROBLEM 8: Jessica has just won an $8 million lottery

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?

"Is this part of your assignment? We will write the assignment for you. Click order now and get up to 40% Discount"