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S You have just received notification that you have won the $2.11 million first prize in the Centennial Lottery. However
Posted: Fri Jul 01, 2022 7:42 am
by answerhappygod
- S You Have Just Received Notification That You Have Won The 2 11 Million First Prize In The Centennial Lottery However 1 (30.56 KiB) Viewed 29 times
S You have just received notification that you have won the $2.11 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 69 years from now. Required: What is the present value of your windfall if the appropriate discount rate is 9 percent? (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16). Enter your answer in dollars, not millions, e.g., 1, 234,567.) Present value