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Find what is the present value of windfall

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Reference no: EM132669113

You have just received notification that you have won the $83 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 74 years from now.

Problem 1: What is the present value of your windfall if the appropriate discount rate is 2.4 percent? (Round time value factors to 6 decimal places )

Reference no: EM132669113

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