Ira Schwab opens up a Schwab IRA and places $2,000 in his retirement account at the beginning of each year for 10 years. He believes the account will earn 5% interest per year, compounded quarterly. How much would he have in his retirement account in 10 years? Congratulations! You have just want a $40 million lottery and have elected to receive $2 million per year for 20 years. Assume that a 4% interest rate is used evaluate the annuity and that you receive each payment at the beginning of the year. a. What is the present value of the lottery? b. How much interest is earned on the present value to make the $2 million per year payment