A $500,000 lottery prize pays $25,000 per year for the next 20 years. If the current rate of return is 8.75%, what is the present value of this prize?
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Please round the answer to the nearest cent.
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$ __________
Fill in the blank(s) with the appropriate word(s).
232,338.21
Mathematics
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A. 
B. 
C. 
D. 
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A. 
B. 
C. 
D. 
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A. x2 + 8x - 48 B. (x - 12)(x + 1) C. (x + 12)(x - 4) D. (x - 12)(x + 4)
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; 8
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