Your Friend Just Won the Lottery

question 2

Multiple Choice

Your friend just won the lottery. He has a choice of receiving $50,000 a year for the next 20 years or a lump sum today. The lottery uses a 15% discount rate. What would be the lump sum your friend would receive?

• A) $312,967
• B) $316,426
• C) $500,000
• D) $1,000,000

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Definitions:

Piece of Metal

A fragment or section of metal, which can vary in size, shape, and type, depending on its intended use or origin.

Damaged Tooth

A damaged tooth refers to a tooth that has been broken, chipped, cracked, or otherwise harmed, often requiring dental treatment to repair or protect it.

Painful Injury

An injury that causes significant physical discomfort or suffering.

Lost Work

Refers to creative, literary, or artistic works that were once known to exist but are no longer available or have been destroyed.