Recall Application 2, "Options for a Lottery Winner," to Answer

Recall Application 2, "Options for a Lottery Winner," to answer the following questions:
-According to the application, if the nominal interest rate were 12 percent, a winner of a $20 million lottery with equal payments for 20 years:

A) should definitely $20 million 20 years from now.
B) should take the option for 20 equal payments over 20 years.
C) should only take half of the winnings today.
D) should definitely take $10 million today.