Question: 11. Calculating Present Values [LO2] You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the

11. Calculating Present Values [LO2] You have just received notification that

11. Calculating Present Values [LO2] You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 80 years from now. What is the present value of your windfall if the appropriate discount rate is 8.4 percent? RATE PV Periods FV 12. Calculating Future Values [LO1] Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2067, assuming they appreciate at an annual rate of 4.3 percent? RATE PV Periods FV

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