You Won the Lottery and You Were Asked to Choose

question 66

Essay

You won the lottery and you were asked to choose between two options:
Get $1,000 every week forever.
Get $1,000,000 in a lump sum.
You expect to earn an effective annual rate of 4 percent on your investments.Assuming there is no risk between the two,which option do you prefer?

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Definitions:

Medical Assistant

A healthcare professional who supports the work of physicians and other health professionals, usually in a clinic setting, through a variety of tasks.

POL

Abbreviation for Point Of Lay, referring to the age at which poultry are ready to start laying eggs; can also stand for Physicians' Office Laboratory, a lab within a physician's office.

Supplies

Materials and items necessary for carrying out a process or activity, especially in professions like healthcare or education.

PPE

Personal Protective Equipment; items worn to minimize exposure to hazards that can cause workplace injuries and illnesses.