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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 $2 million now.
+ K* e' g! l7 V" aa) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.( z5 h- e" k( O! p; s6 P2 {
Assume the following:( P$ o% t+ N' e4 }& ~( l# H0 }
- r = 0.06 (6 percent)9 p% B W+ g, U$ v2 ^
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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