Calculating Present Values You have just received notification that you have won the 1 million first prize

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Calculating Present Values You have just received notification that you have won the €1 million first prize in the Euro Lottery. However, the prize will be awarded on your 100th birthday (assuming you’re around to collect), 80 years from now. What is the present value of your windfall if the appropriate discount rate is 12 per cent?

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Fundamentals Of Corporate Finance

ISBN: 9780077178239

3rd Edition

Authors: David Hillier, Iain Clacher, Stephen A. Ross

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