Present and future value tables of $1 at 3% are presented below: N 1 2. | | FV $1 1.03000 1.06090 1.09273 1.12551 1.15927 1.19405 1.22987 1.26677 1.30477 1.34392 1.38423 PV $1 0.97087 0.94260 0.91514 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 0.72242 FVA $1 10000 2.0300 3.0909 4.1836 5.3091 6.4684 PVA $1 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 PVAD $1 1.00000 1.97087 2.91347 3.82861 FVAD $1 1.0300 2.0909 3.1836 4.3091 5.4684 6.6625 7 7.6625 8 4.71710 5.57971 6.41719 7.23028 8.01969 8.78611 6.23028 7.01969 7.78611 8.53020 9.25262 7.8923 9.1591 10.4639 11.8078 8.8923 10.1591 11.4639 9 10 11 12.8078 13.1920 9.53020 10.25262 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.95400 10.63496 0.68095 13 16.0863 15.6178 1.46853 17.5989 14. 0.66112 17.0863 18.5989 20.1569 1.51259 1.55797 1.60471 19.1569 11.29607 11.93794 12.56110 11.63496 12.29607 12.93794 0.64186 0.62317 15 20.7616 16 Shelley wants to cash in her winning lottery ticket. She can either receive eight $201.000 semiannual payments starting today, or she can receive a lump-sum payment now based on a 6% annual interest rate. What is the equivalent lump-sum payment? Multiple Choice $1,121,522 $1,289,855. $948,137 $1,453,286