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Calculate the upfront amount that she would receive

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Amanda won a lottery that would pay her $5,000 in a year and $10,000 in two years. If the lottery company had another option where she could get an upfront amount now and another $7,000 in one year, calculate the upfront amount that she would receive now from the second option, assuming that money is worth 2% compounded semi-annually.

Reference no: EM131975753

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