Question: answer shoild be in formula You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the
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 100 th 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 7.5 percent? Complete the following analysis. Do not hard code values in your calculations. Your answer should be a positive value
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