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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 $2 million now.
! u4 Z e1 [* \4 qa) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.0 g2 k9 K- c. R/ Z6 }, g9 v0 P
Assume the following:
, |; a. `/ B6 g- r = 0.06 (6 percent)
2 A E5 G* `! p$ k& ?- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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