Question: Voice Home Insert Draw Design Layout References Mailings Review View Help X Times New Roman 12 AaBbCel AaBbcc AaBCC D BTU ab x, x' A

Voice Home Insert Draw Design Layout References Mailings Review View Help X Times New Roman 12 AaBbCel AaBbcc AaBCC D BTU ab x, x' A EEEE 1 Normal 1 No Spac. Heading 1 Wed Editing Dictate - AO - A - Aa- A GB - att board Font Paragraph 10. The State of Washington operates a million dollar lottery that pays its winner 20 equal annual payments. The interest rate to finance this lottery has been 4%. How many $1 tickets must be sold for the lottery to break even (ignoring operating expenses)? The current interest rate to finance the lottery is 1% or lower because of the COVID attack. Do you think expanding the lottery to a billion dollars with 40 annual payments would be a good method for the state to finance expenses from the virus? TICKETS @ 4% = TICKETS @ 1% = 11. Use the Law of One Price to predict changes in starting salaries for economics and finance majors in Spokane and Seattle over the next twenty years. 12. Why might your predictions fail

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