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Present and future value tables of $1 at 3% are presented below FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 N 1.03000 0.97087 1.0000 0.97087 1.0300 1.00000 1 2.0300 2.0909 2 1.06090 0.94260 1.91347 1.97087 1.09273 0.91514 2.82861 3.1836 2.91347 3 3.0909 3.71710 4 1.12551 0.88849 4.1836 4.3091 3.82861 5 1.15927 0.86261 5.3091 4.57971 5.4684 4.71710 6.4684 6 1.19405 0.83748 5.41719 6.6625 5.57971 6.41719 7 1.22987 0.81309 7.6625 6.23028 7.8923 8.8923 7.23028 8 1.26677 078941 7.01969 9.1591 1.30477 076642 10.1591 7.78611 10.4639 8.01969 1.34392 074409 10 11.4639 8.53020 11.8078 8.78611 13.1920 1.38423 072242 12.8078 9.25262 9.53020 11 10.25262 12. 1.42576 070138 14.1920 9.95400 14.6178 10.95400 15.6178 10.63496 13 1.46853 0.68095 16.0863 11.29607 14 1.51259 0.66112 17.0863 17.5989 11.63496 12.29607 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.93794 0.62317 20.7616 16 1.60471 20.1569 12.56110 Shelley wants to cash In her winning lottery ticket. She can elther recelve elght, $191,000 semlannual payments starting today, or she can recelve a lump-sum payment now based on a 6% annual Interest rate. What Is the equlvalent lump-sum payment? Multiple Choice $1,065,725 $1,380,983. $1,225,683. $900,966
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