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You just won the grand prize in a national writing contest! As your prize, you will receive $12,000 at the end of each year
You just won the grand prize in a national writing contest! As your prize, you will receive $12,000 at the end of each year for 20 years. If you can earn 5 percent on your money, what is this prize worth to you today? a) $149,546.52 b) $137,639.05 c) $354,806.38 d) $121,128.17 e) $211,880.28
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