Assume that you have just won a state award. Your prize can be taken either in the form of RM1 million at the end of each of the next 20 years (that is, RM 20,000,000 over 20 years) or a single amount of RM10 million paid immediately. If you expect to earn 10% annually on your investments over the next 20 years, ignoring taxes and other considerations, which alternative should you take? Why?