WebQ: Suppose that you won $1,500,000 in the Illinois state lottery. It will be paid to you over 20 years…. A: An annuity is end of year equal payments made for a fixed period of time at a … WebAug 12, 2024 · As tempting as it may be to shout it from the rooftops and throw a huge "I won the lottery!" party, keep it as much to yourself as possible, especially before turning in …

Expected profit from lottery ticket (video) Khan Academy

WebSuppose you just won the state lottery, and you have a choice between receiving $3,500,000 today or a 20-year annuity of $250,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disreg... Show more... Show more Accounting Business Financial Accounting FIN 510 Answer & Explanation WebSuppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.0%, ... Kristina just won the lottery, and she must choose … mott foundation south africa

Example: Lottery probability (video) Khan Academy

WebQuestion #167602 Value of an annuity versus a single amount Assume that you just won the state lottery. Your prize can be taken either in the form of $40,000 at the end of each of the next 25 years (that is, $1,000,000 over 25 years) or as a … Web122.Suppose you just won the state lottery, and you have a choice between receiving $2,550,000 today or a 20-year annuity of $250,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes. 123.Your girlfriend just won the Florida lottery. WebAug 8, 2014 · Two-boxing dominates one-boxing: in every state, two-boxing yields a better outcome. Yet on Jeffrey's definition of conditional probability, one-boxing has a higher expected utility than two-boxing. There is a high conditional probability of finding $1 million is in the closed box, given that you one-box, so one-boxing has a high expected utility. healthy pfizer virgin pulse