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Assume you won a prize and will receive $28,500 for the next 8 years. a. How much is your prize worth now if the interest

Assume you won a prize and will receive $28,500 for the next 8 years. a. How much is your prize worth now if the interest rate is 13 percent? (Enter your answer as a whole number rounded to 2 decimal places.) b. Should you accept $164,000 now in exchange for the future payments?

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