Vida Has Just Won a Jackpot That Will Pay Her

question 21

Multiple Choice

Vida has just won a jackpot that will pay her $10,000 now, $10,000 in one year, and $10,000 in 2 years. What is the present value of this jackpot at the continuously discounted rate of 9%?

• A) $27,515
• B) $28,345
• C) $24,516
• D) $27,492

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Definitions:

Headwater Streams

The upper tributaries of a river system, crucial for maintaining the health of the entire ecosystem.

Ecological Services

The benefits that humans receive from natural ecosystems, including pollination, water purification, and climate regulation.

Economic Services

Economic services are activities that generate economic value or provide support to the economic infrastructure, including banking, retail, transportation, and healthcare.

Coastal Wetlands

Ecosystems located along coastlines where water and land meet, playing critical roles in flood protection, water purification, and providing habitat for diverse wildlife.