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 $2 million now. " a0 ~; O* G1 P8 l qa) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. J8 w5 x6 f) w+ z: j2 ^
Assume the following:2 b( [: `: w5 `$ ~$ ` w( j
- r = 0.06 (6 percent)+ l. z: [3 u0 l; l
- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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