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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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