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by the: Question 3 O out of 1 points Hailey wants to cash in her winning lottery ticket. She can either receive eight $12,000 semiannual
by the: Question 3 O out of 1 points Hailey wants to cash in her winning lottery ticket. She can either receive eight $12,000 semiannual payments starting today, based on a 6% annual interest rate, or she can receive a single-amount payment today. What is the single-amount payment she can receive today that would be equivalent to the eight-payment option except that she would not have to wait for years to collect her prize money? (Do not add dollar sign; do not add comma to your amount; round the answer to the whole number) Present Value of Annuity Due of $1 Present Value of Ordinary Annuity of $1 Present Value of $1 4% 3% 6% Period 8% 3% 4% 6% 8% 3% 4% 6% 8% 4 0.88849 0.85480 0.79209 0.735033.71710 3.62990 3.46511 3.312133.82861 3.77509 3.67301 3.57710 5 0.86261 0.82193 0.74726 0.68058 4.57971 4.21236 3.99271 4.71710 4.62990 4.46511 6 0.837480.79031 0.70496 0.630175.41719 5.417195.242144.91732 4.62288 5.45182 5.21236 4.99271 5.57971 7 0.81309 0.75992 0.66506 0.58349 6.23028 6.00205 5.58238 5.20637 6.417196.242145.917325.62288 6.20637 7.00205 6.58238 8 0.78941 0.73069 0.62741 0.54027 7.01969 6.73274 6.20979 5.74664 7.23028 F9 FO F4 FB F5 F7
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