You have just received notification that you have won the $2.06 million first prize in the Power Lottery. However, the p

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You have just received notification that you have won the $2.06 million first prize in the Power Lottery. However, the p

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You Have Just Received Notification That You Have Won The 2 06 Million First Prize In The Power Lottery However The P 1
You Have Just Received Notification That You Have Won The 2 06 Million First Prize In The Power Lottery However The P 1 (28.8 KiB) Viewed 35 times
You have just received notification that you have won the $2.06 million first prize in the Power Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 74 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) Present value +
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