Answer:
$18,711.57
Explanation:
The amount that the Bob will be getting at the beginning of the each month for the next 30 years shall be determined through the present value of annuity formula which shall be determined as follows:
Present value of annuity=R+R[(1-(1+i)^-n)/i]
R=Amount that he will be getting per month for next 30 years=?
i=interest rate per month=5/12=0.4167%
n=number of payment involved=30*12=360 and since the first payment is made at the start of month, therefore the n=359
Present value of annuity=$3,500,000
$3,500,000=R+R[(1-(1+0.4167%)^-359)/0.4167%]
$3,500,000=R+186.05R
$3,500,000=187.05R
R=$18,711.57=payment per month
Answer: A. They were caught in the logic of the prisoner's dilemma in which each player maximizing his own self-interest leads to an outcome that is worse off for everyone.
Explanation:
Answer:
Your boss is guilty of Fundamental attribution error (C)
Explanation:
Fundamental attribution error is our tendency to explain someones behaviour based on internal factors such as personality while underestimating the effect external factors have such as situational influences.
Answer:
The correct answer is option B - Given this payoff matrix and the payoffs, each criminal has an incentive to confess.
Explanation:
The prisoner's dilemma demonstrates the tradeoffs between cooperative and non-cooperative behavior.
The two individuals are being held prisoner for the same crime. However, they are in separate cells with no possibilities of communication.
With the payoff's given in the table, the best response of player 1 is to confess whether or not player 2 chooses to cooperate. Confess is also a dominant strategy for player 2 whether or not player 1 chooses to cooperate.
Therefore, the correct answer is option B - Given this payoff matrix and the payoffs, each criminal has an incentive to confess.
