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Business, 10.10.2019 05:30 jenni333

Hailey wants to cash in her winning lottery ticket. she can either receive eight $200,000 semiannual payments starting today, based on a 6% annual interest rate, or she can receive a single-amount payment today. what is the single-amount payment she can receive today that would be equivalent to the eight-payment option except that she would not have to wait for years to collect her prize money? (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)

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Hailey wants to cash in her winning lottery ticket. she can either receive eight $200,000 semiannual...
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