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The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $ 9 0 0
The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will
receive $ at the end of January, $ at the end of February, $ at the end of March, and so on up to $ at the end of
December. At the beginning of the next year, the sequence repeats starting at $ in January and ending at $ in December.
This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of tickets, what is
the minimum price they can charge for the tickets to break even, assuming the commission earns year on its investments and
there is exactly one winning ticket?
$
Do all calculations to decimal places and round final answer to decimal places. Tolerance is $ the gaming commision infinite progresso. at end of january so on until at the end of december. per year on its investments
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