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Carl won a prize of 2 1 , 3 9 1 dollars that will be paid out 7 years from now. If the interest rate
Carl won a prize of dollars that will be paid out years from now. If the
interest rate is per year, what is the value of Carl's future prize money today?
In other words, if the prize were paid out now instead of waiting years how
much would Carl be paid today? note: round your answer to two decimal
places; do not include spaces or dollar signs.
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