A Lottery Winner Will Receive $6 Million at the End

question 8

Multiple Choice

A lottery winner will receive $6 million at the end of each of the next twelve years. What is the future value (FV) of her winnings at the time of her final payment, given that the interest rate is 8.6% per year?

• A) $94.40 million
• B) $118.00 million
• C) $165.20 million
• D) $188.80 million

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Definitions:

Autism Spectrum Disorders

A range of neurodevelopmental disorders characterized by difficulties with social interaction, communication, and repetitive behaviors.

ASDs

Autism Spectrum Disorders, a range of neurodevelopmental disorders characterized by difficulties in social interaction, communication, and restricted interests or behaviors.

Motor Development

The progression of muscle coordination, strength, and control that enables an individual to move and manipulate their environment.

Autistic Children

Children on the autism spectrum exhibit challenges with social skills, repetitive behaviors, speech, and nonverbal communication, along with unique strengths and differences.