You just won the grand prize in a national writing contest! As your prize, you...
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Finance
You just won the grand prize in a national writing contest! As your prize, you will receive $510 a month for 48 months. If you can earn 5.6 percent on your money, what is this prize worth to you today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Note: It is highly recommended to use Excel (or Google Sheets) or a financial calculator to solve this problem.
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