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.. D0 S4 c3 A0 U
a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.5 p2 \4 J/ i* ?
Assume the following:* K% u4 i) N% t- C2 Q# e& x0 d- V# v
- r = 0.06 (6 percent)3 r) \4 y; @1 e. c
- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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