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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 $2 million now.6 r9 P5 H' g, {
a) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.
, I0 S; Y$ t& ]; P8 ?9 }) C1 T9 uAssume the following:' k+ v0 b2 W P# {) _, X0 V
- r = 0.06 (6 percent)+ {5 X. V# d. u
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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