What is the present value of your prize before taxes

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Reference no: EM13294838

You and 11 coworkers just won $12million ($1million each) from the state lottery; assuming you each receive your share over 20 years and that the state lottery earns a 6 percent return on its funds, what is the present value of your prize before taxes if you request the "up front cash" to be received in 17 yearsif he had to wait until age 40 to receive the money.

Reference no: EM13294838

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