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 $2 million now. 8 E' E4 J: J1 na) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.4 b7 V B( G7 L5 Z" ]
Assume the following:) V! d: O3 r2 q5 f3 p
- r = 0.06 (6 percent) + {) L% O S$ U! e* 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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