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Assume you won a prize and will receive $30,000 for the next 11 years. a. How much is your prize worth now if the
Assume you won a prize and will receive $30,000 for the next 11 years. a. How much is your prize worth now if the interest rate is 14 percent? (Enter your answer as a whole number rounded to 2 decimal places.) b. Should you accept $167,000 now in exchange for the future payments? Yes No
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
2nd edition
73396958, 978-0077630461, 77630467, 978-0073396958
