Present and future value tables of $1 at 3% are presented below: N 1 2 3 4 5 FV $1 1.03000 1.06090 1.09273 112551 115927 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 081309 0.78941 0.76642 0.74409 0.72242 FVA $1 1.0000 20300 3.0909 4.1836 5.3091 6.4684 76625 8.8923 10.1591 11.4639 12.8078 PVA $1 0.97087 1.91347 2.82861 371710 4.57971 5.41719 6.23028 701969 778611 8.53020 9.25262 FVAD $1 1.0300 20909 3.1836 4.3091 5.4684 6.6625 78923 9.1591 10.4639 11.8078 13.1920 6 PVAD $1 1.00000 197087 2.91347 3.82861 4.71710 5.57971 6.41719 7.23028 8.01969 8.78611 9.53020 10.25262 7 8 9 10 11 12 1.42576 0.70138 14.1920 9.95400 14.6178 13 1.46853 10 95400 0.68095 15.6178 10.63496 16.0863 14 15 16 1.51259 1.55797 160471 0.66112 0.64186 0.62317 170863 18.5989 20.1569 11.29607 11.93794 12.56110 175989 19.1569 20.7616 11.63496 12.29607 1293794 Shelley wants to cash in her winning lottery ticket She can either receive seven, $196,000 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 $1257769