You Have Just Won a Lottery That Promises to Pay

question 36

Multiple Choice

You have just won a lottery that promises to pay you and your heirs $1000 dollars a month forever. How much could you get for this stream of cash if the rate of return is 6% compounded monthly?

• A)$200,000
• B)$166,667
• C)$943,520
• D)None of the above

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Definitions:

HR Processes

The formal procedures and methods that an organization's human resource department uses to manage employees, from recruitment to retirement.

Business Strategy

Encompasses the actions and decisions that a company takes to achieve its business goals and secure a competitive position in the market.

Human Capital

The skills, knowledge, and experiences possessed by an individual or population, viewed in terms of their value or cost to an organization.

Attributes

Characteristics or qualities that are inherent in or ascribed to someone or something.