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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 $2 million now.
+ {; ], J8 d% s+ U5 `" aa) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.
/ k/ `$ H; m' j g- O, B9 n, MAssume the following:
$ J- H* ^! k! n5 W- r = 0.06 (6 percent)% S* V: |, B I1 k+ W0 s( R9 N
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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