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You have just received notification that you have...

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Question

You have just received notification that you have won the $1 million first prize in the Millennium Lottery. However, the prize will be awarded on your 100th birthday (assuming you're alive to collect), 80 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent?

 

Paper#13788 | Written in 18-Jul-2015

Price : $25
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