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You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you

You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you can earn 7 percent on your money, what is this prize worth to you today?

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$21,629.93
$18,411.06
$21,338.40
$20,333.33
$19,450.25

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