Time value of money is an important aspect of money management.

Why is it important to know what interest rates, terms of an agreement, and present value are in relationship to future value when making financial decisions?

Theoretically, if you won a $25 million lottery, would you take the lump sum prize of $17 million immediately or the annual annuity of $1 million dollars for the next 25 years? Base you response on what you know about present value and future value as well as include your personal opinion.