You Have Won $4,400,000 in a Lottery

question 20

Multiple Choice

You have won $4,400,000 in a lottery.Your winnings will be paid to you in equal annual year-end installments of $440,000 over 10 years.You estimate that you can earn 6% on your investments.The present value of $1 for 10 periods at 6% is 0.558.The present value of an ordinary annuity of $1 for 10 periods at 6% is 7.36.The present value of your $4,400,000 winnings would be closest to:

• A)$4,400,000.
• B)$3,238,400.
• C)$2,978,800.
• D)$3,850,000.

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Definitions:

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A medical condition also known as a heart attack, which occurs when blood flow to the heart is blocked.

Illness Behavior

The way individuals respond to symptoms of illness, including how they monitor their body, define and interpret their symptoms, and seek treatment.

Seeking Professional Care

The act of consulting with healthcare professionals or specialists in order to receive advice, diagnosis, or treatment for health-related issues.

Healing Presence

The supportive and calming influence of a caregiver or healer, often contributing to a patient's recovery.