You have just received notification that you have won the


You have just received notification that you have won the $2.11 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you’re around to collect), 69 years from now.

Required: What is the present value of your windfall if the appropriate discount rate is 9 percent? Please show all work and round four decimal places.

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Financial Management: You have just received notification that you have won the
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