The present value of your windfall is

Reference no: EM13138983

You have just received notification that you have won the $2.1 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 60 years from now. If the appropriate discount rate is 8 percent, the present value of your windfall is

Reference no: EM13138983

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The present value of your windfall is : awarded on your 100th birthday (assuming you're around to collect), 60 years from now. If the appropriate discount rate is 8 percent, the present value of your windfall is

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