You Have Just Won the Reader's Digest Lottery of $5,000

question 14

Multiple Choice

You have just won the Reader's Digest lottery of $5,000 per year for twenty years,with the first payment today followed by nineteen more start-of-the-year cash flows.At an interest rate of 5%,what is the present value of your winnings?

• A)$100,000.00
• B)$65,426.60
• C)$62,311.05
• D)$47,641.18

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Definitions:

Synapse

A junction between two nerve cells, consisting of a minute gap across which impulses pass by diffusion of a neurotransmitter.

Otto Loewi

A pharmacologist and physiologist who discovered the first neurotransmitter, acetylcholine, demonstrating chemical communication between nerve cells.

Synapse

The junction between two neurons or a neuron and a muscle, where nerve impulses pass by diffusion of neurotransmitters.

Synaptic Vesicles

Small sacs in neurons that store neurotransmitters, which are released at the synapse during neural communication.