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Eddie wants to cash in his winning lottery ticket. He can either receive ten, $100,000 semiannual payments starting today, or he can receive a lump-sum

Eddie wants to cash in his winning lottery ticket. He can either 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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