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

You have just received notification that you have won the $2million first prize in the Centennial Lottery.However, the prize will be awarded on your 100th birthday ( assuming you are around to collect), 80 years from now.

What is the present value of you windfall if the appropriate discount rate is 7.5 percent?

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