The Warren Buffett NCAA March Madness Bracket Challenge is an annual contest that awards any Berkshire Hathaway employee who can pick every first and second round game correctly $1 million a year for life. You just celebrated your 45th birthday and you expect to live until the age of 85. DON'T USE FINANCIAL CALCULATOR a) If you won, and can invest each year's winnings at 5% compounded quarterly, what is the value of the prize today? b) If you wanted to establish a scholarship when you die that would provide annual scholarships totalling $100,000 paid at the end of each ear and growing at 4% per year, how much would you have to invest each month if you could still earn 5% compounded quarterly