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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 $2 million now.
" F7 F7 C; N2 E, a i0 Na) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.2 c R" N# G+ g# R0 B
Assume the following:
' |9 l- y, x$ o5 J. L- r = 0.06 (6 percent)0 o8 ^: H( [4 v8 M
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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