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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.
' ~( q+ \. @6 G2 B, }a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.* m3 ^" n" N7 u6 ~7 i
Assume the following:
" x# |+ R* \4 D6 S4 r4 D b7 _- r = 0.06 (6 percent)0 o# v5 u+ [/ ?0 _6 R* ]: g) A
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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