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Business, 06.11.2020 16:20 xelynncaldera

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

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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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