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QUESTION 7 You have won the grand prize in a contest! The prize is $25,000 per year paid each year for 10 years. How much
QUESTION 7 You have won the grand prize in a contest! The prize is $25,000 per year paid each year for 10 years. How much would your receive if you choose instead to receive a cash payout now if the interest rate is 4%? $ 168,900 $ 300,152.50 O$ 250,000 $ 202,772.50
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