1. A daily lottery is conducted in which 3 winning numbers are selected out of 59 numbers? (without duplication). How many different combinations of winning numbers are? possible?
2. You currently have $12800. You plan on investing it at 14 percent per year until you have $36800. How long will you wait until you achieve this goal? Enter the answer with 2 decimals (e.g. 1.23).
3. What is the greatest danger or weakness of altruism? Its greatest strength? Defend your answer in detail.
4. Maybepay Life Insurance Co. is selling a perpetual contract that pays $3700/year. The contract currently sells for $191000. What is the rate of return on this investment? Enter answer as 4 decimals (e.g. 0.1234).