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Question 8 (6.66 points) You just won a contest. The prize is a lump sum payment of $ 49,276 , however, you will not receive

Question 8(6.66 points)

You just won a contest. The prize is a lump sum payment of $ 49,276 , however, you will not receive this payment for 18 years. Compute the present value of your prize assuming a discount rate of 13 percent per annum.(Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).

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