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You just won a contest. The prize is a lump sum payment of $ 6 3 , 1 6 0 , however, you will not
You just won a contest. The prize is a lump sum payment of $ however, you will not receive this payment for years. Compute the present value of your prize assuming a discount rate of percent per annum.
Round your answer to decimal places; record your answer without commas and without a dollar sign.
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