Question: Solve using excel commands/formula A1 You have just received notification that you have won the $1 million first prize in the Centennial Lottery. However, the

Solve using excel commands/formula Solve using excel commands/formula A1 You have just received notification that you

A1 You have just received notification that you have won the $1 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 9 percent? 1,000,000 80 Future value Years Interest rate 9% 10 Complete the following analysis. Do not hard code values in your answers. Your answer should be a positive value. 12 13 14 15 16 17 18 Present value Sheet1 +100% 0 Type here to search

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!