You Just Won the Lottery! as Your Prize You Will

question 4

Multiple Choice

You just won the lottery! As your prize you will receive $1,500 a month for 100 months.If you can earn 8% on your money,what is this prize worth to you today?

• A)$87,003.69
• B)$87,380.23
• C)$87,962.77
• D)$98,104.26
• E)$109,225,29

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Definitions:

Unit

A single, distinct element that forms part of a system, often used for measuring, standardization, or as part of a greater whole.

Invoice

A notice from the seller to the buyer, detailing the items, their quantities, and the prices settled upon for the goods or services supplied.

Payments

Transactions by individuals or entities to transfer money in exchange for goods or services.

Overhead Expenses

The ongoing expenses associated with running a business that are not directly tied to the production of goods or services.