Question: Present and future value tables of Stat 3% are presented below 16 N 1 2 3 80540S 4 5 16 7 8 9 10 11

 Present and future value tables of Stat 3% are presented below

Present and future value tables of Stat 3% are presented below 16 N 1 2 3 80540S 4 5 16 7 8 9 10 11 FV 51 1.03000 106090 109273 112551 115927 119405 122987 126677 130477 134392 138423 142576 146853 151259 155797 160471 PV 51 0.97087 0.94260 0.91514 O 88849 0.86261 083748 081309 0.78941 076642 074409 0.72242 070138 068095 0.66112 064186 062317 FVASI 10000 20300 3.0909 41836 53091 6.4684 76625 8.8923 101591 11.4639 12.8078 14.1920 15 6178 170863 185989 201569 PVA S1 097087 191347 282861 371710 457971 5 41719 6.23028 701969 778611 858020 9.25262 9.95400 1063496 1129607 1193794 12.56110 FVAD $1 PVAD $1 10300 100000 20909 197087 31836 291347 43091 3.82861 5.4684 4.71710 6.6625 557971 7.8922 6.41719 9.1591 722028 10.4639 8 01969 118078 878611 13.1920 953020 14 6178 10 25262 16 0863 1095400 175989 1163496 191569 12.29607 207616 12.93794 12 1 13 14 15 16 Jose wants to cash in his winning lottery ticket. He can either receive four. 54.000 annual payments starting today, or he can receive a lump sum payment now based on a 3% annual interest rate: What would be the lump sum payment Multiple Choice $15 314 $847 0 $54868 O $3.500

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