Solution-Present value of winning amount

Present value of winning amount

Reference no: EM131115445

You have received notification that you have won the $1,000,000 first prize in the state lottery. The prize will be awarded on your 80^th birthday, 60 years from now. What is the present value of your winning amount if the appropriate discount rate is 7 percent?

Reference no: EM131115445

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Present value of winning amount

Reference no: EM131115445

Reference no: EM131115445

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