Question: Sam won a prize that would pay him $ 3 2 , 0 0 0 in 2 years and $ 5 , 8 0 0

Sam won a prize that would pay him $32,000 in 2 years and $5,800 in 5 years. The prize company had another option where he could get an upfront amount now and another $14,300 in 6 years.Calculate the upfront amount that he would receive now from the second option, assuming that money is worth 2.00% compounded semi-annually.

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