Posted by **Brian** on Saturday, July 10, 2010 at 8:04pm.

You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 30 years, which will increase 5 percent per year. The appropriate discount rate is 8 percent.

What is the present value of your winnings?

- Finance -
**Anonymous**, Tuesday, September 15, 2015 at 11:07am
10.000.000

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