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You just won a contest. The prize is a lump sum payment of $ 8 5 , 4 0 3 , however, you will not

You just won a contest. The prize is a lump sum payment of $85,403, however, you will not receive this payment for 30 years. Compute the present value of your prize assuming a discount rate of 13 percent per annum.
Round your answer to 2 decimal places

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