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You Recently Won a Contest Sponsored by a Local Radio

Question 110

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You recently won a contest sponsored by a local radio station. The radio station will pay you $3000 at the end of each of the next 11 years. Assuming an interest rate of 3%, what is the present value of this prize? Present Value of $1
You recently won a contest sponsored by a local radio station. The radio station will pay you $3000 at the end of each of the next 11 years. Assuming an interest rate of 3%, what is the present value of this prize? Present Value of $1 Present Value of Annuity of $1 A) $38,424 B) $27,759 C) $25,590 D) $47,811 Present Value of Annuity of $1
You recently won a contest sponsored by a local radio station. The radio station will pay you $3000 at the end of each of the next 11 years. Assuming an interest rate of 3%, what is the present value of this prize? Present Value of $1 Present Value of Annuity of $1 A) $38,424 B) $27,759 C) $25,590 D) $47,811


A) $38,424
B) $27,759
C) $25,590
D) $47,811

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