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

You have just received notification that you have won the $

2

million first prize in the Centennial Lottery. However, the prize will be awarded on your

100

th birthday

(

assuming youre around to collect

) 65

years from now. what is the present value of your windfall if the apppropiate discount rate is

5 %

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