You Have Just Won a Lottery That Promises to Pay

question 222

Multiple Choice

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

• A)$12,500
• B)$16,667
• C)$943
• D)None of the above

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Definitions:

Speaking and Listening

Fundamental communication skills involving orally conveying messages and paying attention to what others say, often considered together in the context of effective interpersonal interaction.

Right Brain Dominant

Referring to individuals who are more inclined towards creativity, intuition, and holistic thinking, characteristics associated with the right hemisphere of the brain.

Short-Term Memory

A type of temporary memory that holds a small amount of information in an active, readily available state for a short period of time.

Long-Term Memory

A part of the memory system capable of storing large amounts of information for long periods of time.