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You just won a national sweepstakes for your prize you

You just won a national sweepstakes! For your prize, you opted to receive never-ending payments. The first payment just paid was $12,077.29. Every year thereafter, the payments will increase by 3.5 percent annually. How much can you sell for your prize today at a discount rate of 8 percent as you need a large amount of cash?

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Finance Basics: You just won a national sweepstakes for your prize you

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Finance Basics: You just won a national sweepstakes for your prize you

Reference No:- TGS02938051

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