Mr. Dubofsky just won a "Name That Tune" contest with a grand prize of $100,000....
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Finance
Mr. Dubofsky just won a "Name That Tune" contest with a grand prize of $100,000. However, the contest stipulates that the winner will receive $10,000 immediately, and $10,000 at the end of each of the next 9 years. Assuming that he can earn 10% on his money, how much has he actually won?
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