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Assume you won a prize and will receive $30,250 for the next 12 years. ...

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Accounting

Assume you won a prize and will receive $30,250 for the next 12 years.

a. How much is your prize worth now if the interest rate is 11 percent? (Enter your answer as a whole number rounded to 2 decimal places.)

b. Should you accept $190,000 now in exchange for the future payments?

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