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Imagine you have won the lump sum amount of $2500 in a recent contest. However, you must wait until the end of 5 years to

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Imagine you have won the lump sum amount of $2500 in a recent contest. However, you must wait until the end of 5 years to receive the money. However, you would prefer a different pattern of payments: $200 today and then receive some unknown LUMP SUM (.e. one time) amount that will be received in 5 years. Using an interest rate of 5.50%, determine the unknown lump sum amount that would make the present value of both prizes equivalent. $1912.84 $3006.01 $153.03 $2238.61 $1712.84

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