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 $2 million now." a( x3 A3 t) i+ }& R7 l: F8 q- Q
a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.) t% f9 s6 y# p# X Z
Assume the following:! j* d$ Z p& m3 Z M4 G) G
- r = 0.06 (6 percent) 1 h" Q9 }) B0 k4 l& [3 W- Interest is paid annually to the Lottery Corporation
狗仔卡
鲜花(
鸡蛋(
发表于 2010-1-24 22:43
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
