Question
You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the prize will be awarded on
You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming youre around to collect), 61 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent?
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Essential Personal Finance A Practical Guide For Students
Authors: Lien Luu, Jonquil Lowe, Jason Butler, Tony Byrne
1st Edition
1138692956, 978-1138692954
