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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 earn 9 percent on your money? $1, 848.18 $1.034.24 $2, 024.82 $, 545.54
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