Calculating present values lo2 you have just received, Financial Management

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Calculating present values lo2 you have just received

Calculating Present Values [LO2] You have just received notification that you have won the $1 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100^th birthday (assuming you’re around to collect), 80 years from now, What is the present value of your windfall if the appropriate discount rate is 9 percent?

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Financial Management: Calculating present values lo2 you have just received

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