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A small lottery prize offers $54 per year forever, with the first payment occurring today. If the relevant interest rate is 12% per year (as

A small lottery prize offers $54 per year forever, with the first payment occurring today. If the relevant interest rate is 12% per year (as an EAR), the value of the entire prize today is $ Margin of error for correct answers: +/-.05. Do not enter commas or a dollar sign. Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35)

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