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You have just received notification that you have won the $ 1 . 1 6 million first prize in Lamarche Lottery. However, the prize will
You have just received notification that you have won the $ million first prize in Lamarche Lottery. However, the prize will be awarded on your th birthday assuming youre around to collect years from now.
What is the present value of your windfall if the appropriate discount rate is Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations and round your final answer to decimal places. Omit $ sign in your response.
Present value $
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