Winning lottery ticket, Suppose you have a winning lottery

Winning lottery ticket

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Reference no: EM131911953

Suppose you have a winning lottery ticket and you are given the option of accepting $3,000,000 three years from now or taking the present value of the $3,000,000 now. The sponsor of the prize uses a 6% discount rate. If you elect to receive the present value of the prize now, the amount you will receive is.

Reference no: EM131911953

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