Calculating Present Values [LO2] 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. If the appropriate discount rate is 10 percent, the present value of your windfall is $ _________. (Do not include the dollar sign ($). Round your answer to 2 decimal places.
Paper#12001 | Written in 18-Jul-2015Price : $25