Sandra Won $5,000,000 in the State Lottery, Which She Has

question 66

Multiple Choice

Sandra won $5,000,000 in the state lottery, which she has elected to receive at the end of each month over the next 30 years. She will receive 7% interest on unpaid amounts. To determine the amount of her monthly check, she should use a table for the:

• A) Present value of an annuity due of $1.
• B) Future value of an annuity due of $1.
• C) Present value of an ordinary annuity of $1.
• D) Future value of an ordinary annuity of $1.

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Definitions:

Rubella

A contagious viral infection best known by its distinctive red rash, also called German measles, and potentially dangerous to pregnant women due to its teratogenic effects.

Herpes

A viral infection caused by herpes simplex virus types 1 (HSV-1) and 2 (HSV-2), which can cause oral and genital lesions.

Presbycusis

Age-related hearing loss, typically affecting the ability to hear higher frequencies.

Incus

One of the three small bones in the middle ear, known as an auditory ossicle, which helps to transmit sound vibrations to the inner ear.