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Business, 05.03.2020 23:00 woodfordmaliky

Shelley wants to cash in her winning lottery ticket. She can either receive ten, $100,000 semiannual payments starting today, or she can receive a lump-sum payment now based on a 6% annual interest rate. What is the equivalent lump-sum payment?

Select one:

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 ten, $100,000 semiannual...
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