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You received no credit for this question in the previous attempt. You have just received notification that you have won the $ 4 million first
You received no credit for this question in the previous attempt.
You have just received notification that you have won the $ million first prize in the Centennial Lottery. However, the prize will be awarded on your th birthday assuming
you're around to collect years from now. What is the present value of your windfall if points the appropriate discount rate is percent?
Multiple Choice
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$
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$
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