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Your scratch-off was a winner, and the state offered you $1,000 per year for the next 12 years at 2% interest. What is the value

Your scratch-off was a winner, and the state offered you $1,000 per year for the next 12 years at 2% interest. What is the value of your prize?

Group of answer choices

$11,500

$10,575

$12,000

$12,250

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