Question: You just won a prize that will pay you $ 1 5 , 0 0 0 per year for 1 5 years, starting at the

You just won a prize that will pay you $15,000 per year for 15 years, starting at the end of Year 5. What is the current value of this prize if the discount rate is 7 percent, compounded annually?You just won a prize that will pay you $15,000 per year for 15 years, starting at the end of Year 5. What is the current value of this prize if the discount rate is 7 percent, compounded annually?

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