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TURIVIULAS DATA REVIEW VIEW Calibri Sign In 11 - AA Paste BIU > % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells

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TURIVIULAS DATA REVIEW VIEW Calibri Sign In 11 - AA Paste BIU > % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard Font A1 1 X f fx > B D E F G H 1 1 J 4 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? 5 6 7 $ 8 Future value Years Interest rate 1,000,000 80 9% + 9 10 11 12 Complete the following analysis. Do not hard code values in your answers. Your answer should be a positive value. 13 Present value 14 15 16 17

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