This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that you won the Lotta Dough Lotto jackpot for 20 million. Further assume that you were ... (Read 83 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jul 11, 2018
Assume that you won the Lotta Dough Lotto jackpot for 20 million. Further assume that you were
  offered a choice to receive the 20 million today, or receive it in equal installments of 1 million per
  year for 20 years.
 
  According to one of the principles of finance, which would you take?
  A) the 20 million in equal installments of 1 million per year for 20 years because it would be
  worth more than if you would receive it today
  B) the 20 million today because it would be worth more than if you would receive it in equal
  installments of 1 million per year for 20 years
  C) You would be indifferent as to when you would receive the 20 million since the total number
  of dollars received is the same either way.
  D) the 20 million in equal installments of 1 million per year for 20 years because you would be
  afraid of spending it all right away

Question 2

Which of the following statements about unsatisfied judgment funds is (are) true?
 
  I. An accident victim must obtain a judgment against the motorist who caused an accident and must show the judgment cannot be collected.
  II. The major disadvantage is that the negligent uninsured motorist is relieved of legal liability.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 11, 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.
Answer Preview
Only 25% of students answer this correctly


tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jul 11, 2018
Correct answers!


mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jul 11, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto
A partial stream sampling exhaust probe being used to measure exhaust gases in parts per million ... A partial stream sampling exhaust probe being used to measure exhaust gases in parts per million ...
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
An archaeological sample contains 0.700 g of lead-206 and 2.144 g of uranium-238. Assume that ... An archaeological sample contains 0.700 g of lead-206 and 2.144 g of uranium-238. Assume that ...
Earth 600 Million Years Ago Earth 600 Million Years Ago
Earth 240 Million Years Ago Earth 240 Million Years Ago
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library