Question
You have just received notification that you have won the $2.0 million first prize in the Centennial Lottery. However, the prize will be awarded on
You have just received notification that you have won the $2.0 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 78 years from now. What is the present value of your windfall if the appropriate discount rate is 8 percent?
$4,942.85
$5,041.70
$4,547.42
$4,843.99
$19,845.86
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
