Question: You inherit $ 1 , 0 0 0 , 0 0 0 but cannot receive the money for 2 0 years. If you wanted to

You inherit $1,000,000 but cannot receive the money for 20 years. If you wanted to sell this
inheritance to someone (a buyer) who is willing to wait the 20 years to receive the $1,000,000,
what is the amount you would receive from a buyer who uses a discount factor of 8.00%?
Round to the nearest dollar (no cents)

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