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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.
: _: W1 I0 x. d6 T% E1 g2 H% ya) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.5 `5 \) A, b ?& E# R. ?2 Q
Assume the following:+ n" a2 x5 \7 _, k6 L/ v! h
- r = 0.06 (6 percent)# Q K# {' d7 F4 F; }% Z: j
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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