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You just won a contest. The prize is a lump sum payment of $ 78,742 , however, you will not receive this payment for 28
You just won a contest. The prize is a lump sum payment of $ 78,742 , however, you will not receive this payment for 28 years. Compute the present value of your prize assuming a discount rate of 10 percent per annum.(Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
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