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.
A. 7.12%
B. 7.49%
C. 7.87%
D. 8.26%
E. 8.67%
Answer: B
Business
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A. negligent B. unreliable C. invalid D. unassessed
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Which of the following will have no effect on an employee's take-home pay?
A) Social security tax B) Unemployment tax C) Marital status D) Number of exemptions claimed
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"Policy adjustment" is another term for secret warranty
Indicate whether the statement is true or false.
Business
“Short-term price increases tend to depress industry profits in the long run by accelerating the introduction of new capacity and depressing market demand.” Discuss.
What will be an ideal response?
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