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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 40 months. If the
You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 40 months. If the monthly discount rate is 1.5 percent, what is the present value of the prizes cash flow as of today?
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$10,383.04
$16,1438.58
$18,086.11
$19,992.90
$14,957.92
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