A $300,000 lottery prize pays $30,000 per year for the next 10 years. If the current rate of return is 8.25%, what is the present value of this prize?
?
A. $198,928.92
B. $211,595.49
C. $215,473.92
D. $199,007.12
E. $199,052.12
Answer: E
Mathematics
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+ 
A. 
B. 
C. 
D. 
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C. 
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