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(14) Shelley wants to cash in her winning lottery ticket. She can receive eight $100,000 semiannual payments starting today. What is the PV of the
(14) Shelley wants to cash in her winning lottery ticket. She can receive eight $100,000 semiannual payments starting today. What is the PV of the payments that she would receive if she got her winnings in a single-amount paid today based on a 6% interest rate? Hint: Discount payments to present value to solve. 1,600,000 A) $853,020. B) $801,969. C) $744,090.- (D) $723,028
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