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Shelley wants to cash in her winning lottery ticket. She can either receive twelve, $199,000 semiannual payments starting today, or she can receive a single-amount

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Shelley wants to cash in her winning lottery ticket. She can either receive twelve, $199,000 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? Multiple Choice $1,173,406. $2,040,271. $1,345,180. $1,264,677

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