You win the 20 million state lottery and you have a choice, Business Economics

+44 141 628 6080
[email protected]

You win the 20 million state lottery and you have a choice

You win the $20 million state lottery, and you have a choice of taking an amount of money per year for the next 20 years or a flat payment now. The flat payment that the state offers you is $9.82 million. a.What discount rate is the state using?. b.Should you take the money or the annuity?. Your response should be at least 200 words in length.

Request for Solution File

Ask an Expert for Answer!!

Business Economics: You win the 20 million state lottery and you have a choice

Reference No:- TGS01578158

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Economics

Q : Suppose us government officials are concerned about

suppose us government officials are concerned about importing beef that might be contaminated with hoof and mouth

Q : Suppose that the government of a nation whos producers

1 suppose that the government of a nation whos producers export coffee burns one-third of all the coffee fields before

Q : In the us doctors get reimbursement based on the quantity

in the us doctors get reimbursement based on the quantity of procedures they perform how might this relate to the

Q : An aircraft company has signed a contract to sell a plane

an aircraft company has signed a contract to sell a plane for 20 million the firm buying the plane will pay for it in

Q : You win the 20 million state lottery and you have a choice

you win the 20 million state lottery and you have a choice of taking an amount of money per year for the next 20 years

Q : The widget company has estimated the following revenue

the widget company has estimated the following revenue possibilities for the year sales probability 100 015 150 020 220

Q : The world of videos operates a retail store that rents

the world of videos operates a retail store that rents movie videos for each of the last 10 years world of videos has

Q : Explore how a firm determines the optimal scale of a plant

explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination

Q : If marginal cost is below average variable

if marginal cost is below average variable costa average total cost is increasing but average variable cost is

1931722

Questions
Asked

3,689

Active Tutors

1432859

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported