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Current Attempt in Progress Jennifer Davis has just won the Lotto. Her prize pays $36000 at the end of each year for 6 years. In
Current Attempt in Progress Jennifer Davis has just won the Lotto. Her prize pays $36000 at the end of each year for 6 years. In addition, she will receive a one- time payment of $ 216000 at the end of 6 years. Using the following factors at 9%, what amount has Jennifer really won in the Lotto? (round to the nearest dollar) Type of Cash Flow Periods Interest Rate Factor PV of $1 6 9% 0.5963 FV of $1 6 9% 1.6771 PV ordinary annuity 6 9% 4.4859 FV ordinary annuity 6 9% 7.5233 PV annuity due 6 9% 4.8896 O $ 422629 O $290293 O $ 523746 O $396000
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