Compute the present value of your windfall

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Reference no: EM132070016

Answer the following question :

You have just received notification that you have won the $2.15 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 65 years from now.

Required:

What is the present value of your windfall if the appropriate discount rate is 12 percent?

Reference no: EM132070016

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