Business, 06.11.2019 04:31, lazypotato71

Shelley wants to cash in her winning lottery ticket. she can either receive sixteen $100,000 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?

a. $878,611

b. $744,090

c. $853,020

d. $801,969

Answers: 1

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Shelley wants to cash in her winning lottery ticket. she can either receive sixteen $100,000 semiann...