Q6. As a winner of a lottery you can choose one of the following prizes: 1) 1 million now. 2) 1.5 million at the end of six years. 3) 80.000 a year forever, starting in one year. 4) 150,000 for each of the next ten years, starting in one year. If the discount rate is 8 per cent, which is the most valuable prize? Q7. What is the present value of 5000 to be received in ten years' time when the interest rate (nominal annual) is 8 per cent and (a) annual discounting is used? (b) semi-annual discounting is used