What is this prize worth to you today

Reference no: EM13291281

You just won the grand prize in a national writing contest! As your prize, you will receive $2,000 a month for ten years. If you can earn 7 percent on your money, what is this prize worth to you today?

A. $172,252.71
B. $178,411.06
C. $181,338.40
D. $185,333.33
E. $190,450.25

Reference no: EM13291281

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