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You recently won a contest sponsored by a local radio station. The radio station will pay you $2,000 at the end of each of the

You recently won a contest sponsored by a local radio station. The radio station will pay you $2,000 at the end of each of the next 1 years. Assuming an interest rate of 6%, what is the present value of this prize? A. $24,084 B. $14,720 C. $15,774 D. $29,944

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