What is the prize worth to you today
Problem
You just won the lottery! As your prize you will receive $1,500 a month for ten years. If you can earn 9.3% on your money, what is this prize worth to you today?
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You just won the lottery! As your prize you will receive $1,500 a month for ten years. If you can earn 9.3% on your money what is this prize worth to you today?
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