Answer:
$9587.16
Explanation:
We are given that
Today recieve prize=$5000
Recieve in a year from now=$5000
Total prize value=$5000+$5000=$10000
Consider
Rate of interest earn annually on investment ,r=9%=0
Then , we have to find the value of prize worth today.
Present value=

Using the formula
Present value=

Present value=$9587.16