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You just won the grand prize in the a national writing contest! As your prize money, you will receive $1,000 a month for ten years.
You just won the grand prize in the a national writing contest! As your prize money, you will receive $1,000 a month for ten years. If you can earn 6 percent on your money, what is the prize worth to you today?
1) $71,500.73
2) $81,067.32
3) $86,155.00
4) $90,073.45
5) $95,332.51
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