Question: Problem 4-11 Calculating Present Values [LO 2] You have just received notification that you have won the $2.04 million first prize in the Centennial Lottery.
Problem 4-11 Calculating Present Values [LO 2] You have just received notification that you have won the $2.04 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 76 years from now Required: What is the present value of your windfall if the appropriate discount rate is 9 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value
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