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Saved You have just received notification that you have won the $2.02 million first. prize in the Centennial Lottery. However the prize will be awarded
Saved You have just received notification that you have won the $2.02 million first. prize in the Centennial Lottery. However the prize will be awarded on youn 100th birthday (assuming you re around to collect), 78 years from now. What is the present value of your windfall if the appropriate discount rate is 8 percent? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g. 1,234,567.89.) Present value
Check my work mode: This shows what is correct or incorrect for the work you have completed so fast. It does You have just received notification that you have won the $2.02 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday fassuming you're around to collect), 78 years from now What is the present value of your windfall of the appropriate discount rate is 8 percent? (Do not round Intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places. e... 1,234,567.89.) Answer is complete but not entirely correct Present value S 6.178.553 10
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