Imagine you have won the lump sum amount of $2150 in a recent contest. However, you must wait until the end of 4 years to receive the money. However, you would prefer a different pattern of payments: $350 today and then receive some unknown LUMP SUM (i.e. one time) amount that will be received in 4 years. Using an interest rate of 5.50%, determine the unknown lump sum amount that would make the present value of both prizes equivalent. $1735.52 $1385.52 $282.53 $1716.41 $2229.88 X