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You have just received notification that you have won the $2 million f Centennial Lottery. However, the prize will be awarded on your 100 th

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You have just received notification that you have won the $2 million f Centennial Lottery. However, the prize will be awarded on your 100 th birt you're around to collect), 76 years from now. What is the present value of the appropriate discount rate is 8 percent? (Do not round intermediate c round your answer to 2 decimal places, e.g., 32.16.) ceived notification that you have won the $2 million first prize in the y. However, the prize will be awarded on your 100th birthday (assuming collect), 76 years from now. What is the present value of your windfall if iscount rate is 8 percent? (Do not round intermediate calculations and er to 2 decimal places, e.g., 32.16.)

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