Introducing new lottery game called infinite progresso

Reference no: EM13689453

The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $800 at the end of January, $1,700 at the end of February, $2,600 at the end of March, and so on up to $10,700 at the end of December. At the beginning of the next year, the sequence repeats starting at $800 in January and ending at $10,700 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 1,050,000 tickets, the minimum price they can charge for the tickets to break even, assuming the commission earns 9.00 %/year/month on its investments and there is exactly one winning ticket.

Reference no: EM13689453

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Introducing new lottery game called infinite progresso : The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $800 at the end of January, $1,700 at the end of February, $2,600 at the end of March,

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