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Author Question: Suppose you hit a progressive jackpot on a 25-cent Fortunemaker slot machine in a casino in Las ... (Read 94 times)

littleanan

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on: Jun 29, 2018
Suppose you hit a progressive jackpot on a 25-cent Fortunemaker slot machine in a casino in Las Vegas and are given the choice of the following prizes:
 
  Prize 1: 200,000 to be received right away, with four additional payments of 200,000 to be received each year for the next four years.
  Prize 2: 750,000 to be received right away.
 
  If the interest rate is 3 percent, what is the present value of each prize?

Question 2

Why is money you receive at some future date worth less to you than money you receive today?
 
  What will be an ideal response?
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kxciann

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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littleanan

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
Wow, this really help

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