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What is the value of your prize

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Reference no: EM132612316

Question - Your scratch-off was a winner, and the state offered you $1,000 per year for the next 12 years at 2% interest. What is the value of your prize?

a. $11,500

b. $10,575

c. $12,000

d. $12,250

Reference no: EM132612316

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