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13-03-2024
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Helley wants to cash in her winning lottery ticket. She can either receive eight, $197,000 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?
1) $1,465,857
2) $2,548,774
3) $1,680,440
4) $1,579,875

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