On a Whim You Purchased a Scratch-Off Lottery Ticket at the Gas

question 98

Multiple Choice

On a whim you purchased a scratch-off lottery ticket at the gas station. It must have been your lucky day because you won $1,500,000. Being logical and rational you decide to invest the money at 6% for 11 years until you are ready to start a family. At the end of 11 years, how much will your investment be worth? Future Value of $1
Future Value of Annuity of $1

• A)$22,458,000
• B)$2,847,000
• C)$790,500
• D)$3,018,000

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Definitions:

Company Culture

The shared values, beliefs, and practices that characterize an organization and influence its employees' behavior and attitudes.

Core Values

Fundamental beliefs or principles that are considered inherently important by an organization, guiding its behavior and decision-making.

Long-Term Benefit

Advantages or gains that accrue over a extended period of time, often seen as a result of strategic planning or investments.

Human Resource Management

The strategic approach to the effective management of an organization's workers so that they help the business gain a competitive advantage, including recruitment, training, and employee development strategies.