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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 $2 million now.
2 x) M& G& D! K3 m. u8 F$ v0 j2 La) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize.
+ a' v! M* i1 x( m0 d8 r2 D4 oAssume the following:
, b1 _7 q/ ]' h( u- r = 0.06 (6 percent)' q6 H# y/ X, X( l9 p7 K3 ^
- Interest is paid annually to the Lottery Corporation |
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发表于 2010-1-24 22:43
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