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James just won a prize that will pay him $ 5 0 , 0 0 0 a year for 3 0 years, starting at the

James just won a prize that will pay him $50,000 a year for 30 years, starting at the end of year.10. What is the current value of this prize if the discount rate is 12 percent, compounded annually?
$92,186
$119,307
$145,239
$392,657
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