Lotta Dough Just Won the State Lottery and Has Elected

question 4

Multiple Choice

Lotta Dough just won the state lottery and has elected to receive $50,000 per year for 20 years in the form of an annuity due.What is the present value of this stream of payments if money can earn 8 percent annual interest?

• A)$579,139
• B)$500,000
• C)479,035
• D)$530,180

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Definitions:

Depressive Episodes

Periods marked by profound sadness, lack of energy, and diminished interest in activities, characteristic of major depressive disorder.

Suicide Risk

The likelihood that an individual will attempt to take their own life, often assessed through various psychological and behavioral factors.

Bipolar Disorder

A mental health condition marked by extreme mood swings from high (mania) to low (depression) and vice versa.

Women

Adult female humans, distinguished biologically and genetically from male humans.