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 $2 million now.) @6 u: B; C5 B: V, p1 V
a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. # S8 N2 l% ^4 r% M' W+ y$ ?Assume the following:4 @7 g8 o) D: K
- r = 0.06 (6 percent)1 H* z! A: m7 y7 X
- Interest is paid annually to the Lottery Corporation
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发表于 2010-1-24 22:43
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