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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

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 100th birthday (assuming youre around to collect), 80 years from now. What is the present value of your windfall if the discount rate is 9%? Group of answer choices

1,013.63

180.86

10,136.38

178,430.89

Finance 341

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