Value of an annuity versus single amount Personal Finance Problem Assume that you just won the state lottery. Your prize can be taken either in the form of $52,000 at the end of the next 30 years (that is, 1,560,000 over 30 years) or as a single amount of $675,000 paid immediately If you expect to earn 7% annually on your investments over the next 30 years, ignoring taxes and other considerations, which alternative should you take? Why? would your decision in part a change if you could earn 9% rather than 7% on your investments over the next 30 years? Why? At approximately what interest rate would you be indifferent between the two options a. b, c