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All answers must be entered as a formula. You have just received notification that you have won the $1 million first prize in the Centennial
All answers must be entered as a formula.
You have just received notification that you have won the $1 million first prize in the Centennial 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 9 percent? $ 1,000,000 Future value Years Interest rate 80 9% Complete the following analysis. Do not hard code values in your answers. Your answer should be a positive value. Present valueStep by Step Solution
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