Lottery. Your dreams of becoming rich have just come true. You have won the State of​ Tranquility's Lottery. The State offers you two payment plans for the ​$6 comma 000 comma 000 advertised jackpot. You can take annual payments of ​$150 comma 000 at the end of the year for the next 40 years or ​$1 comma 466 comma 858 today. a. If your investment rate over the next 40 years is 11​%, which payoff will you​ choose? b. If your investment rate over the next 40 years is 9​%, which payoff will you​ choose? c. At what investment rate will the annuity stream of ​$150 comma 000 be the same as the​ lump-sum payment of ​$1 comma 466 comma 858​?

A=1466858

B=$150000

C=10%

Explanation:

A)

Present value of $150000 at 11% for 40 years;

Using excel PV function: PV(11%,40,-150000) = $1342657.623

Therefore, 1466858 should be selected.

B)

Present value of $150000 at 9% for 40 years

= PV(9%,40,-150000) = $1613604.03

Therefore payment of $150000 should be selected

C)

Using excel rate function: RATE(40,-150000,1466858)

= 10%

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

answer; the correct answer to the above statement is (true);