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. t6 J) @" F" n8 y. ]& T8 ba) Calculate the amount of money that the Alberta Lottery Corporation must keep in the bank to be able to pay the weekly prize. " J7 e8 Z5 k8 S9 ^9 CAssume the following: : I' |) A- X# C- ?- r = 0.06 (6 percent) & V( j% U! s' D3 u E- Interest is paid annually to the Lottery Corporation