You have just received notification that you have won the 1


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 100th birthday (assuming you’re around to collect), 65 years from now.

What is the present value of your windfall if the appropriate discount rate is 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Present value    $   

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You have just received notification that you have won the 1
Reference No:- TGS01126590

Expected delivery within 24 Hours