You Have Just Won a Lottery That Promises to Pay

question 7

Multiple Choice

You have just won a lottery that promises to pay you $1,000,000 in 5 years. What is the present value of this lottery win at the continuously discounted rate of 10%?

• A) $621,000
• B) $606,531
• C) $648,720
• D) $904,837

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Definitions:

Superclass

In object-oriented programming, a superclass is a class from which other classes inherit methods and properties.

Subclass

A subclass is a class that inherits from another class, known as a superclass, enabling code reuse and the creation of more specific categories or behaviors.

GUI Programs

Applications that use a Graphical User Interface (GUI) to interact with users through graphical icons and visual indicators, as opposed to text-based interfaces.

Content Pane

The part of a graphical user interface where the content of an application is displayed.