Question: D Question 8 2 pts John has just won a competition paying 50,000 a year for 20 years. He is to receive his first payment

D Question 8 2 pts John has just won a competition paying 50,000 a year for 20 years. He is to receive his first payment a year from now. The completion organizers advertise this as the Million Pound Competition because 50,000*20-1,000,000. If the interest rate is 8 per cent, what is the true value of the prize? 480,900 W 450,950 490,900 550,500 940,900

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