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 $2 million now. * W9 v" S2 Q# { Ta) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. 5 g2 ?- R% F/ h% ^Assume the following: 8 y% l( v! F3 F) c- r = 0.06 (6 percent) ' L0 ]' C9 q$ z k- Interest is paid annually to the Lottery Corporation