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Clint Just Won a Prize That Will Pay Him $30,000

Question 58

Multiple Choice

Clint just won a prize that will pay him $30,000 a year for 30 years,starting at the end of Year 10.What is the current value of this prize if the discount rate is 12 percent,compounded annually?


A) $241,655.52
B) $240,550.64
C) $87,143.40
D) $86,191.91
E) $77,806.61 Clint just won a prize that will pay him $30,000 a year for 30 years,starting at the end of Year 10.What is the current value of this prize if the discount rate is 12 percent,compounded annually? A) $241,655.52 B) $240,550.64 C) $87,143.40 D) $86,191.91 E) $77,806.61 Clint just won a prize that will pay him $30,000 a year for 30 years,starting at the end of Year 10.What is the current value of this prize if the discount rate is 12 percent,compounded annually? A) $241,655.52 B) $240,550.64 C) $87,143.40 D) $86,191.91 E) $77,806.61

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