Question
In: Math
Imagine if you won the jackpot! What are your chances to do so? What numbers would...
Imagine if you won the jackpot! What are your chances to do
so? What numbers would you pick? Would you take the annual
installments or a reduced lump sum if you won?
Do you have numbers in mind? If so, jot them down (unless you
want to keep them to yourself! If they are birthdays or numbers you
use, you do not have to post, just describe). Have those numbers
won before?
Solutions
milcah answered 4 months agoRelated Solutions
Imagine if you won the jackpot! What are your chances to do so? What numbers would...
Imagine if you won the jackpot! What are your chances to do so?
What numbers would you pick? Would you take the annual installments
or a reduced lump sum if you won?
INVESTING YOUR OWN PORTFOLIO You have won the jackpot of a European Lottery with a prize...
INVESTING YOUR OWN PORTFOLIO
You have won the jackpot of a European Lottery with a prize of
€30 000. After distributing a portion of the prize to a local
charity, you decide that it is a good idea to invest the rest of
the prize. However, you are doubtful about which asset class or
financial vehicle is more suitable given the current international
context.
Bear in mind that you are in your early twenties and that your
financial restrictions are...
INVESTING YOUR OWN PORTFOLIO You have won the jackpot of a European Lottery with a prize...
INVESTING YOUR OWN PORTFOLIO
You have won the jackpot of a European Lottery with a prize of
€30 000. After distributing a portion of the prize to a local
charity, you decide that it is a good idea to invest the rest of
the prize. However, you are doubtful about which asset class or
financial vehicle is more suitable given the current international
context.
Bear in mind that you are in your early twenties and that your
financial restrictions are...
You just won the $55 million Ultimate Lotto jackpot. Your winnings will be paid as $2,200,000...
You just won the $55 million
Ultimate Lotto jackpot. Your winnings will be paid as $2,200,000
per year for the next 25 years. If the appropriate interest rate is
5.5 percent, what is the value of your windfall?
$30,494,340.24
$31,133,737.70
$29,510,651.84
$28,933,737.70
$28,035,119.25
You just won the $87 million Ultimate Lotto jackpot. Your winnings will be paid as $2,900,000...
You just won the $87 million Ultimate Lotto jackpot. Your
winnings will be paid as $2,900,000 per year for the next 30 years.
If the appropriate interest rate is 6.2 percent, what is the value
of your windfall?
You just won the $100 million Ultimate Lotto jackpot. Your winnings will be paid as $4,000,000...
You just won the $100 million Ultimate Lotto jackpot. Your winnings
will be paid as $4,000,000 per year for the next 25 years. If the
appropriate interest rate is 7.3 percent, what is the value of your
windfall?
You've won the lotto jackpot of $1,000,000. They wnt to pay it to you at $50,000...
You've won the lotto jackpot of $1,000,000. They wnt to pay it
to you at $50,000 a year for 20 years. You ask them what kind of
discount rate they would use if you wanted a lump sum today instead
and tell you 6%. What would your lump sum payment be?
You should assume this is a fairly permanent job, so do your best to imagine your...
You should assume this is a fairly permanent job, so do your
best to imagine your real decision-making process. On the
horizontal axis is (for this question, use “quantity of hours per
week” from zero to 100) and on the vertical axis, each wage (for
this question, use “annual salary” from zero to $200,000 in
increments of $10,000) . Estimate your actual labor supply curve
for each salary point from $10,000 to $200,000 in increments of
$10,000.
Explain three events...
What could you do if you wanted to reduce your chances of Type I Error?
What could you do if you wanted to reduce your chances of Type I
Error?
You have recently won the super jackpot in the Set For Life Lottery. On reading the...
You have recently won the super jackpot in the Set For Life
Lottery. On reading the fine print, you discover that you have the
following two options:
You will receive 30 annual payments of $270,000, with the first
payment being delivered today. The income will be taxed at a rate
of 30 percent. Taxes will be withheld when the checks are
issued.
You will receive $550,000 now, and you will not have to pay
taxes on this amount. In addition,...
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