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You have just received notification that you have won the $1 million first prize in the Wildcat Lottery. However, the prize will be awarded on

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You have just received notification that you have won the $1 million first prize in the Wildcat Lottery. However, the prize will be awarded on your 50 th birthday, 30 years from now. What is the present value of your windfall if the discount rate is 8% ? 10,136.38 1,013,63 99,377.33 21,321.23

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