You just won a contest. The prize is a lump sum payment of $75,037, however,...
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You just won a contest. The prize is a lump sum payment of $75,037, however, you will not receive this payment for 24 years. Compute the present value of your prize assuming a discount rate of 15 percent per annum. (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign) Your
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