Question: $ 2 3 0 . In 2 0 1 8 , the winner s check was $ 2 , 6 4 0 , 0 0

$230. In 2018, the winners check was $2,640,000.
5. What was the annual percentage increase in the winners check over this period? a.7.10%
b.6.40% c.4.56% d.8.10%
6. If the winners prize increases at the same rate, what will it be in 2056? a. $50,960,227
b. $40,960,227 c. $51.960,227 d. $39,960,227
7. What is the present value of $500 received in 5 years if the interest rate is 10%?15%? a. $310.5 at 10%; $255.8 at 15%
b. $310.5 at 10%; $248.6 at 15%
c. $355.6 at 10%; $248.6 at 15%
d. $452.7 at 10%; $248.6 at 15%

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