You Won the Lottery and Have a Number of Choices

question 199

Multiple Choice

You won the lottery and have a number of choices as to how to take the money. Which choice yields a greater present value?

• A) $12,000 a year at the end of each of the next 6 years using a 6% discount rate
• B) $53,500 (lump sum) now using a 6% discount rate
• C) $84,000 (lump sum) 7 years from now using a 6% discount rate
• D) $92,000 (lump sum) 7 years from now using an 8% discount rate

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Definitions:

Structure

A user-defined data type in programming that allows the grouping of variables under a single name, typically including multiple members of different data types.

Structure's Form

In programming, refers to the defined arrangement and organization of data fields within a structured data type or record.

Symbolic Names

Symbolic names, another term for identifiers, are user-defined names that represent variables, functions, and other entities in a program.