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You win a competition which is to pay you 2,000 forever. You receive the first payment today. If the annual interest rate is 4% the

You win a competition which is to pay you 2,000 forever. You receive the first payment today. If the annual interest rate is 4% the present value of this prize is:

a. 52,000 b. 63,000 c. 26,000 d. 87,000

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