If Lucky Louie Won a Lottery and Chose to Take

question 78

Multiple Choice

If Lucky Louie won a lottery and chose to take $1,000,000 in cash (disregarding taxes) ,how much money would he have in 30 years if he invested at 6% per annum?

• A) $5,743,491
• B) $5,804,268
• C) $6,050,972
• D) Not enough information is provided to solve the problem

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Definitions:

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A device that modulates and demodulates signals for digital communication over telephone lines or other means.

Transmit Data

The process of sending information or data from one place, person, or electronic device to another through a communication medium.

Cable Lines

Physical transmission media used for telecommunications and internet connections.

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A designated space where medical examinations are conducted by healthcare providers.