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Determine what is the present value of windfall

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You have just received notification that you have won the $39 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 73 years from now.

Problem 1: What is the present value of your windfall if the appropriate discount rate is 4.8 percent? (Round time value factors to 6 decimal places and final answer to the nearest dollar amount)

Reference no: EM132692090

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