One of your relatives has died and states you as a beneficiary in his will. You must choose between a trust fund that pays you $10,000 per month (starting in 60 months) for 20 years or a single amount of $1,000,000 in one year. Your investment account earns 4% APR (compounded monthly). Which alternative is worth more in present value terms and by how much? The annuity is better by $650,219 The annuity is worse by $689,366 The annuity is worse by $650,219 The annuity is better by $395,186 The annuity is worse by $395,186 The annuity is better by $689,366