6. How much would you be willing to pay for an investment that will pay you $1300 every 6 months for the next 18 years if you can earn 7% on your money?

A.) Congratulations! You won the lottery. Would you rather have $1.5 million at the end of each of the next 20 years or $14.5 million today, assuming an 8% discount rate? Show your work to get credit.