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A local magazine is offering a $2,500 grand prize to one lucky winner. The prize will be paid in four annual payments of $625 each,
A local magazine is offering a $2,500 grand prize to one lucky winner. The prize will be paid in four annual payments of $625 each, starting one year after the drawing. How much would this prize be worth to you if you can earn9 percent on your money?
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The total value of the prize is spread out over four years so if you can earn interest on the money ...
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
