Anna has recently won a lottery. The payout is in one of two forms. She can take

$10

million today or she can receive

$25

million in 10 years. If the projected inflation rate for the next 10 years is

5%

, which option should Anna choose to have the largest payout? Show all work for any credit.

Anna has recently won a lottery. The payout is in one of two forms. She can take $10 nillion today or she can receive $25 million in 10 years. If the projected inflation rate for the next 10 years is 5%, which option should Anna choose to have the largest payout? Show all work for any credit