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.8 q. j; [1 c/ Z/ ]
a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.0 I# j0 a! I. ~: a* b) M
Assume the following:9 i2 \) x; `5 t! k8 D5 {& Y; z
- r = 0.06 (6 percent)# r/ y: N4 \3 A8 e
- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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