Suppose that you just won the lottery. You are given two options to receive the prize, 1) you can receive $ 50,000 per year at the end of each of the next 25 years or 2) receive an amount of $650,000 paid in lump sum immediately. Required: 1) If you can earn 5 % per year Return on Investment over the next 25 year, furthermore, assume that there are no taxes etc. which alternative you will take? And why? 2) Assume that you could earn 7% rather than 5% on your investments over the next 25 years, would your decision change or not? And Why? 3) Explain the concept of the time value of money