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1. Sami wants to cash in her winning lottery ticket. Either she can receive ten $100,000 semiannual payments starting today, or he can receive a

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

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