Want to win million dollars? Here's how... One winner chosen at random from all entries, will win a $1,000,000 annuity. That was the statement announcing a contest rules described the "million- dollar prize" in greater detail: "480 monthly payments of $25,000 each, which will result in a total payment of $1,000,000. The first payment will be made January 01; subsequent payments will be made by ist of each month thereafter". Instead of participating in this contest, what if you are saving this installment at the start of each month at a compound annual interest rate of 11 percent, what would be the amount you would be getting in the end