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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.
" U8 P5 k8 ?/ b' V7 u6 Sa) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.
) D4 X) y" J1 \0 L! l" }% ?Assume the following:
- j' }1 n; P6 J& l- r = 0.06 (6 percent)! u, D, C- f& ?% s! Q
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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