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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.
! V5 _5 R! M' H0 Y0 q: J5 Ya) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.( c s+ Q! t3 m6 t( {
Assume the following:
9 D+ ?. d+ l* E' q E- r = 0.06 (6 percent)
( J, L: N2 ?1 F- o3 [6 z- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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