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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 $2 million now.
+ l) W6 s4 X, v: E0 M. A- La) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.& x8 g3 m7 \# S; [: V
Assume the following:/ |6 h. n) F. c/ r/ y4 R! F8 q: `
- r = 0.06 (6 percent)+ U9 L$ K3 }8 J2 u* g
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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