Re: Present Value
I have never completely understood present value.
Anyway, you can take your money in the form of a 30 year annuity.
Your annuity would cost $642 million.
$642 million + $708 million (Cash Option) = $1.35 billion
You get a $45 million check each year, but I do not know how to calculate the necessary interest rate on a declining asset.
I do know how to calculate historical inflation.
If you won $45 million a year in 1993, your purchase power has dropped 53% in 30 years.