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Present and future value tables of $1 at 3% are presented below Sun N FV $1 PV $1 1 1.03800 2.97887 2 1.06090 @.94260 3

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Present and future value tables of $1 at 3% are presented below Sun N FV $1 PV $1 1 1.03800 2.97887 2 1.06090 @.94260 3 1.89273 8.91514 4 1.12551 0.88849 5 1.15927 0.86262 6 1.19405 0.83748 7 1.229870.81309 8 1.266771 0.78941 9 1.38477 @.76642 10 1.34392 0.74409 11 1.38423 0.72242 1.42576 0.70138 13 1.468530.68095 1.512590.66112 15 1.55797 0.64186 16 1.68471 0/62317 FVA $1 1.eeee 2.0300 3.0909 4.1836 5.3091 6.4684 7.6625 8.8923 10.1591 11.4639 12.8078 14.1920 15.6178 17.8863 18.5989 20.1569 PVA $1 8.97887 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 10.63496 11.29607 11.93794 12.56110 FVAD $1 PVAD $1 1.0380 1.00000 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.4684 4.71710 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 10.4639 8.01969 11.8078 8.78611 13.1920 9.53820 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 22 Shelley wants to cash in her winning lottery ticket She can either receive sixteen S205.000 semiannual payments starting today, or she can receive a single amount payment today based on a 6% annual interest rate What is the single amount payment she can receive today

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