Mr Dubofsky Just Won a "Name That Tune" Contest with a Grand

question 270

Multiple Choice

Mr. Dubofsky just won a "Name That Tune" contest with a grand prize of $250,001. However, the contest stipulates that the winner will receive $100,000 immediately, and $15,000 at the end of each of the next 10 years. Assuming that he can earn 5% on his money, how much has he actually won?

• A) $92,156.46
• B) $98,225.11
• C) $115,826.02
• D) $215,826.02
• E) $250,000.00

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Definitions:

Customer Profile

Relevant information regarding the firm, the buyer, and individuals who influence the buying decision.

Direct Suggestion

A straightforward recommendation or proposal made to influence decision-making.

Swimsuit Stock

The inventory of swimsuits held by a retailer, including various styles and sizes.

Summer Season

The warmest period of the year, typically occurring between June and August in the northern hemisphere.