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 $2 million now. ( D: W. @0 \1 ^2 q# \a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. + V0 r0 W: b5 q A1 R; {# lAssume the following: 4 k8 v5 H- S$ ]# Z T1 H- r = 0.06 (6 percent)9 z1 E) T) X2 V- ~: y* q6 q* V
- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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