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Assume you won a prize and will receive $29,500 for the next 10 years. a. How much is your prize worth now if the interest

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Assume you won a prize and will receive $29,500 for the next 10 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 $166,000 now in exchange for the future payments? Yes No

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