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Business, 15.10.2019 19:20 sarahlearn3

Shelley wants to cash in her winning lottery ticket. she can either receive sixteen $100,000 semiannual payments starting today, or she can receive a single-amount payment today based on a 6% annual interest rate. what is the single-amount payment she can receive today?
a. $878,611
b. $744,090
c. $853,020
d. $801,969

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Shelley wants to cash in her winning lottery ticket. she can either receive sixteen $100,000 semiann...
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