document.write( "Question 310006: The grand prize for winning a contest is $10,000. after 28% of the prize is deducted for taxes , the winner receives the balance of the prize in annual payouts of equal amounts over a 3-year period . how many dollars will the prize winner receive each year of the 3 years ? \n" ); document.write( "

Algebra.Com's Answer #221745 by Earlsdon(6294) $\"\"$ $\"About$

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First, find out how much of the $10,000 remains after the tax deduction.
\n" ); document.write( "$10,000 - (0.28)$10,000 = $10,000 - $2,800 = $7,200.
\n" ); document.write( "Now divide this amount by 3 to find how much per year the winner will receive.
\n" ); document.write( " $\"7200%2F3+=+2400\"$
\n" ); document.write( "The winner will receive $2,400 per year for three years. \n" ); document.write( "

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