Publishers clearinghouse is offering a 1 million first
Publishers clearinghouse is offering a $1 million first prize. However, the prize will be awarded in $100,000 increments every year for 10 years. What is the present value of the prize if the appropriate discount rate is 10 percent?
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publishers clearinghouse is offering a 1 million first prize however the prize will be awarded in 100000 increments
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