Clint Just Won a Prize That Will Pay Him $15,000

question 66

Multiple Choice

Clint just won a prize that will pay him $15,000 a 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?

• A)$102,655.52
• B)$98,550.64
• C)$104,225.76
• D)$116,191.91
• E)$108,806.61

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Definitions:

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A period in ancient Israelite history characterized by the activity of prophets who delivered divine messages to rulers and the people.

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Refers to the cultures, traditions, history, and current realities of the indigenous peoples of North America.