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8 z' V! J! r* b4 W/ Z Q' r( Va) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.8 K0 Q d! I4 K# j3 w. B" w/ s
Assume the following:, a) s4 |) E K
- r = 0.06 (6 percent)
& F- ?6 L- Z# m& B- Interest is paid annually to the Lottery Corporation |
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