QUESTION ONE A Alfred Banda, a legal practitioner, has just won lottery amounting to ZMW2.000.000. There has been an agreement between the Lottery Company and Alfred regarding the way payments will be made. The two parties have agreed to an equalannual instalments of ZMW500,000. The lottery is not paying him immediately. The first payment will be made at the end of the sixth year Assume that the opportunity costof capital is 15%. . Find the future value of the payment [5 Marks) Suppose that the alternative to receiving the money in instalments is to receive immediate cash amounting to ZMW1 500.000 Which option would you advise Alfred to accept? Explain [5 Marks]