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You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize will be awarded

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You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 69 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value You are scheduled to receive $15,000 in two years. When you receive it, you will invest it for six more years at 10 percent per year. How much will you have in eight years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Amount

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