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You have just won a lottery. The lottery stipulates that the winner will receive $100,000 immediately, and $16,600 semi-annually, at the end of each six-month

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You have just won a lottery. The lottery stipulates that the winner will receive $100,000 immediately, and $16,600 semi-annually, at the end of each six-month period. The payments will never stop. If the fund can earn 5% per year compounded semi-annually, how much did you win in today's dollars? Select one: O a. $764,000 O b. $720,000 O c. $834,000 d. $705,000 O e. $782,000

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