Congratulations! You have won the Lottery For Life and are the proud winner of $1,000 per week for the rest of your life!! You have the option of accepting a cheque for $1000 per week until you die, or reach the age of 75, whichever comes sooner. Alternatively, you may accept a cash payout of $2 million now.: s1 d' A% t: t- |/ ?
a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.) q$ \# K+ K6 v$ i+ S+ L+ ~. f
Assume the following: ^/ {8 }* ~" _6 V& U& B2 D( u- r = 0.06 (6 percent) i: o. }* c+ M* v# ?) a
- Interest is paid annually to the Lottery Corporation
狗仔卡
鲜花(
鸡蛋(
发表于 2010-1-24 22:43
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
