Question
You can accept a lottery jackpot payout of $1 billion dollars or wait 35 days for the parables total payout. Which do you choose and
You can accept a lottery jackpot payout of $1 billion dollars or wait 35 days for the parable’s total payout. Which do you choose and why?
Follow-up
Answer the following questions:
- Would your answer change if you had to wait 36 days?
- Find the value of a current multi-state lottery jackpot (Mega-Millions or Powerball). How many days, using the parable, would equate to the first value higher than the current jackpot.
- Provide some speculation as to why banks do not offer interest on savings account that operate like the penny parable does.
- Knowing that the US debt is in the trillions of dollars, estimate the number of days the country would have to wait for this parable to have enough to pay the debt.
Step by Step Solution
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It is certain that I will accept the 1 billion lottery lottery payment because the money earned toda...
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Exploring Management
Authors: John R. Schermerhorn, Daniel G. Bachrach
5th edition
978-1119117742, 1119140293, 1119117747, 9781119140290, 978-1119231936
