Your nan is 70 today and wants to give you some money?

Question

she will give you a sum each year, starting now up until she passes away.

Which scheme do you want?

A, £100 now,£90 next year, £80 the year after and so on

B,£10 now, £20 next year,£30 the year after and so on

C,£10 now, 1.5 x as much next year, 1.5 as much the year after and so on

D, £1 now, £2 next year,£4 the year after and so on

Answer 1

D

I would expect any female 70 year old to live to 84+

Hence you would be very grateful to gran.

Over 14 years approx

A  550

B 1050

C 5800

D 17620

Answer 2

Depends How Long She Is Going To Live,

If She Won't Live More Than Ten Years Stick With A But If She'll Live For Move Than That go For B

Answer 3

well all depends on how long you reckon shell live

not long then you want A

a big longer B

even longer C

and quite long D

Answer 4

depends on how much money you want and how much she can afford

Answer 5

Well, if she lives more than like 10 years, i'll take plan d.

That's very generous of Nan.

Answer 6

C- say she only lives for 10 years, you end up getting the most money overall. It's easy.

Answer 7

It just depends, I would say C. Lets say she lives 15 more years.

A) 100+90+80+70+60+50+40+30+20+10+0+0+0+0 = $550

-- after 10 years you get nothing, so A is bad

B) 10+20+30+40+50+60+70+80+90+100+110+120+1... = $1200

-- this is better than selection A if she lives 15years, but it would be worse if she say only lived 3-5 years.

C) 10+15+23+34+51+76+114+171+256+384+577+86... = $8738

--- son on a long term scale of 15 years, selection C is BY FAR the best money maker.

D) not very much

So, less than 5 years chose A, more than 5 years chose C

Answer 8

D

treving is right. People often miss this, but doubling, like choice 'D' specifies, adds up REAL quick.....and his/her value is valid.

Answer 9

depends on how much money you want to s***w out of her

Answer 10

you cant take money off your nan on her birthday!

Answer 11

B coz then it will leanr u how to spendf money and each year u can always thin that u are gett more money every year and if u pik A then your sum will go dow and wont be taat good ....also when u het big money u spend it quickley but when u get somalles amounts ull try and keep it longer ...

Answer 12

A - judging by average life spans and assuming she's got it to spare!

Answer 13

You can only compare time periods to determine an answer.  A & B are exactly the same in total amount over ten years - one series declines, one grows.  Since A starts out bigger it is superior to B.

C pays out about $748 over ten years while D pays out $1024.  C is richer in the early years while D is the best from the tenth year on but poorest in the early years.

So, if you are a risk taker go for D.  Otherwise hedge and go for C.  If you must have the money up front then go for A.

Life is about tradeoffs.

Answer 14

A

Answer 15

Obvious: D

How can Ben state "not very much"?  On the 15 year she would be giving you 16 thousand three hundred and eighty four smackers - good health Gran...

Answer 16

A - if she dies next year, youll have received the higher amount.

If you pick the other choices, and she croaks it next year, youll have only received a smaller amount and nothing else to come!