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. 3 y8 A" q7 @/ T1 x8 s- {a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. . l/ p4 i* {/ @4 V6 H( y: S7 [Assume the following: $ I3 Z* K" W- ^* ~8 a! P3 P- r = 0.06 (6 percent)1 T2 n/ q- f8 Z8 o. C
- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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