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:

Human Resources

The division within a company that focuses on the recruitment, management, and direction of people who work in the organization.

Service

The action of helping or doing work for someone, often referring to activities provided by companies to fulfill customer needs aside from tangible products.

Operations

Encompasses all the activities and processes involved in running a business effectively, focusing on producing goods and providing services efficiently.

Outbound Logistics

The process involved in moving goods from a company to the end user, including warehousing, order fulfillment, and transportation.