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What is the current value of game show prize

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Question 1: You have just won first place in this season of a game show. The prize is an annual payment of $10,000 for the rest of your life. You are 30 years old now and expect to live forever since you eat an orange every day, and the discount rate is 3% annually. What is the current value of your game show prize?

Reference no: EM132887513

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