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.6 w! t0 U' p" c6 {
a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. ( v. A6 b' o7 `Assume the following:1 k0 ]5 v8 @# O4 }
- r = 0.06 (6 percent) 5 `# H9 F& J9 g- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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