Question: you have just received notification that you have won $1,000,000 in the centennial lottery. however, the prize money will be awarded to you on your

you have just received notification that you have won $1,000,000 in the centennial lottery. however, the prize money will be awarded to you on your 100th birthday (80 years from now). what is the present value of your windfall if the appropriate discount rate is 7.25%?

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