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Business, 30.03.2020 18:56 zitterkoph

Theo just won a prize that will pay him $12,000 a year for 12 years, starting at the end of Year 12. What is the current value of this prize if the discount rate is 9 percent, compounded annually?

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Theo just won a prize that will pay him $12,000 a year for 12 years, starting at the end of Year 12....
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