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Please show how values are used to arrive to final answers. Question 1: Question 2: You have just received notification that you have won the
Please show how values are used to arrive to final answers.
Question 1:
Question 2:
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? $ Future value 1,000,000 Years 80 9% Interest rate Complete the following analysis. Do not hard code values in your answers. Your answer should be a positive value. Present value Solve for the unknown interest rate in each of the following: Complete the following analysis. Do not hard code values in your answers. Present value Years Interest rate Future value $ 240 $ 297 360 1,080 185,382 18 19 39,000 25 38,261 531,618
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