Yu just won a contest the prize is a lump sum payment of
You just won a contest. The prize is a lump sum payment of $ 75, 976, however, you will not receive this payment for 26 years. Compute the present value of your prize assuming a discount rate of 14 percent per annum.
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you just won a contest the prize is a lump sum payment of 75 976 however you will not receive this payment for 26
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