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 $2 million now./ e3 K& [' e' }& O; f- O# B$ 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.+ a7 S0 W- B2 V! l; M: i9 @- W
Assume the following:" D! C$ y- V1 h5 u
- r = 0.06 (6 percent) 3 j8 ]! o6 U5 R8 O- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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