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1) $ 2400 to be received in 2 year(s), 2) $ 1200 received at the end of each year for 2 years. Use an interest

1) $2400 to be received in 2 year(s), 2) $1200 received at the end of each year for 2 years. Use an interest rate of 5.50%. Remember: Do not use commas in your answer! Find the present value of Prize 1. $ Find the present value of Prize 2. $ Which prize is larger? (enter the number 1 or 2)

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