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You have won Powerball! A $ 2 0 0 Million jackpot. The lottery officials give you a choice. You can take $ 1 0 Million

You have won Powerball! A $200 Million jackpot. The lottery officials give you a choice. You can take $10 Million per year for 20 years starting now (year 0 of $10 Million +19 additional payments over time). Or take $100 Million today. Which is the better deal. Assume your opportunity cost (the interest rate you could earn with the money) is 6% for a relatively safe investment. Which is the better deal?

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