(Answered) Amanda won a lottery that would pay her 5000 in a year and

Management Studies

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.

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