The award was for $40,000,000. The lottery company has offered to either pay you the entire amount over 40 years at $1,000,000 per year, or they have offered you a chunk of money today (a lump sum) instead of receiving the $1,000,000 per year for 40 years. Assuming a rate of 6%, what dollar amount does the lump sum need to be to be worth taking over the $1,000,000 per year for 40 years

Need true or false 1 2 3 4 5 6 7 8

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Health insurance protects you if you experience any of the following except: a: if you have to be hospitalized b: if you damage someone's property c: if you need to visit a clinic d: if you can't work because of illness