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Our great-great-grandfather left us a $25 million inheritance in the form of an annuity due of $500,000 per year for the next 50 years. If

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Our great-great-grandfather left us a $25 million inheritance in the form of an annuity due of $500,000 per year for the next 50 years. If the appropriate discount rate is 8 %, what is the inheritance worth today? I GGF wanted you to decide how to share the inheritance with me. Would you rather have the first 10 payments (totaling $5 million) or the last 40 (totaling $20 million)? Explain your answer in quantitative and subjective terms

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