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Assume you won a prize and will recelve $29,000 for the next 9 years. a. How much is your prize worth now if the interest
Assume you won a prize and will recelve $29,000 for the next 9 years. a. How much is your prize worth now if the interest rate is 12 percent? (Enter your answer as a whole number founded to 2 decimal places.) b. Should you accept $165,000 now in exchange for the future payments? No Yes
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Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
