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Shelley wants to cash in her winning lottery ticket. She can either receive eight $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? Refer to present value tables as needed.

a. $744,090.
b. $853,020.
c. $1,293,794.
d. $801,969.

User WheatBeak
by
7.5k points

1 Answer

2 votes

Answer:

Step-by-step explanation:

C

User Dinesh Kanivu
by
7.7k points
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