 鲜花( 0)  鸡蛋( 0)
|
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.
+ x. b; n# X5 w0 I3 B8 la) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.
+ d# Z q, f% YAssume the following:9 C/ g' ^" `3 p9 z ~4 L
- r = 0.06 (6 percent)
$ h1 |. ]2 j& t8 N& {- Interest is paid annually to the Lottery Corporation |
|