A State Lottery Commission Pays the Winner of the "Million

question 196

Multiple Choice

A state lottery commission pays the winner of the "Million Dollar" lottery 20 annual installments of $30,000 each. If the prevailing interest rate is 8% /year compounded continuously, find the present value of the winning ticket. Round your answer to the nearest dollar. ​

• A) $301,432
• B) $294,968
• C) $299,289
• D) $300,523

---

Definitions:

Resistance To Change

The act of opposing or struggling against modifications or transformations within an organization or in personal behavior.

Group Inertia

The tendency of a group to maintain its current state or resist changes in direction or performance.

Intrapreneurship

The practice of encouraging employees within a company to develop innovative ideas or projects, which can lead to the creation of new services or products.

Organizational Force

The collective energy and direction driven by an organization's culture, structure, and processes.