Suppose You Win a Small Lottery and You Are Given

question 31

Multiple Choice

Suppose you win a small lottery and you are given the following choice: You can receive (1) an immediate payment of $10,000 or (2) two annual payments,each in the amount of $5,200,with the first payment coming one year from now,and the second payment coming two years from now.You would choose to take the immediate payment of $10,000 if the interest rate is

• A)2 percent,but not if the interest rate is 1 percent.
• B)3 percent,but not if the interest rate is 2 percent.
• C)4 percent,but not if the interest rate is 3 percent.
• D)5 percent,but not if the interest rate is 4 percent.

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Definitions:

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Groups or associations that represent the interests and serve the needs of individuals within a specific profession.

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A collection of documents and artifacts that showcase an individual's skills, accomplishments, experiences, and potential to future employers.

Career Portfolios

A collection of professional documents, projects, and other materials that showcase an individual's skills, accomplishments, and experiences to potential employers.

Online Portfolio Program

A digital platform that allows individuals to showcase their professional and academic achievements and projects.