- 7.7) Five years ago, your aunt won a $1,000,000 lottery. The prize money is paid out $50,000 per year for twenty years. Unfortunately, your aunt needs as much as $250,000 cash now to pay for medical bills. A local finance company has proposed to provide her with the $250,000 cash in return for the $50,000 annual payments over the next nine years. - A) What is the rate implicit in the proposal? - B) What advice would you give to your aunt