What is this prize worth to you today

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Reference no: EM133124196

Question - 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 per annum 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: EM133124196

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