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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.
f" s/ u! r2 M4 Da) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.
7 o( V3 b5 `6 s. q8 S% z3 Y% _Assume the following:
8 I T- I1 e3 I, A- r = 0.06 (6 percent)" b7 w8 h4 B6 m+ ?2 }/ z; 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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