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.- m; p @6 G" l0 P
a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. " G/ I) o' u! G9 XAssume the following: X4 \9 n7 @) k' g( N" A( M8 @* z! D- r = 0.06 (6 percent) $ U% v2 K" ^$ j7 d- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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