The State Lottery Has Just Informed You That You Have

question 72

Multiple Choice

The state lottery has just informed you that you have won $1 million to be paid out in the amount of $50,000 per year for the next 20 years. With a discount rate of 12%, what is the present value of your winnings?

• A) $221,950
• B) $398,150
• C) $373,450
• D) $392,150

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Definitions:

Dissociative Disorder

A type of psychological disorder characterized by a disruption of and/or discontinuity in the normal integration of consciousness, memory, identity, emotion, perception, body representation, motor control, and behavior.

Memory Loss

The inability to recall past events, information, or experiences. This can be temporary or permanent, and vary from mild to severe.

Schizotypal Personality Disorder

A mental health condition characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.

Anorexia Nervosa

An eating disorder characterized by an intense fear of gaining weight and a distorted body image leading to excessive weight loss.