Answer for one of the scenarios below: W Imagine yourself as the sole winner of a $10 million MEGA MILLIONS jackpot. If this were to happen to you in real life, be aware that there would be tax obligations; however, because we're only pretending to win the lottery, we will also pretend there are no tax obligations. Win the lottery and take a single, lump-sum win the lottery and take 26 equal payments payout today, or... over 25 years? Suppose that you've graduated from college and, you think that you would like to buy a house someday. In your first year of work, you receive a $9,000 bonus. If you put that $9,000 in the bank when you are 25 and save it for 10 years at 3% interest, how much will you have by the time you are 35? If you need $11,000 for a down payment on your first house, will you have enough? In your answer clearly lay out a) are you looking at Future or Present value? b) What formula are you using? c) Show the math