You Just Won the Lottery! as Your Prize You Will

question 86

Multiple Choice

You just won the lottery! As your prize you will receive $1,500 a month for 100 months starting at the end of this month.If you can earn 8 percent,compounded monthly,what is this prize worth to you today?

• A)$64,647.53
• B)$65,940.48
• C)$109,953.46
• D)$109,225.29
• E)$118,741.48

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Definitions:

Magnetic Field

A vector field that describes the magnetic influence on moving electric charges, electric currents, and magnetic materials.

Hydrogen Atoms

The simplest and most abundant type of atom in the universe, consisting of only one proton and one electron.

Magnetic Resonance Imaging

A non-invasive imaging technology that uses a magnetic field and radio waves to generate detailed images of the organs and tissues in the body.

Neuropsychological Tests

Tests of cognitive, sensory, and/or motor skills that attempt to differentiate people with deficits in these areas from normal subjects.