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What is the equivalent lump-sum payment? Shelley wants to cash in her winning lottery ticket. She can either receive 10, $100,000 semiannual payments starting today,

What is the equivalent lump-sum payment? Shelley wants to cash in her winning lottery ticket. She can either receive 10, $100,000 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? a. $853,020 b. $801,969 c. $744,090 d. $878,611

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