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. 1 Y O) M' n Wa) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. 3 S/ |, O2 x; G9 NAssume the following: + c. U' M9 g& \- r = 0.06 (6 percent) 5 P# H _. h. P0 ?1 f7 W) O- Interest is paid annually to the Lottery Corporation