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Can someone please help with this finance question that uses excel or you can do...

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Accounting

Can someone please help with this finance question that uses excel or you can do by hand but show the formula please.

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CHIC TON CACCISCO 2. You are given the option between 2 lottery prizes: $1,000,000 to be received in 10 years from today. $2,000,000 to be received in 20 years from today. a) Assuming a discount rate (roughly) equivalent to the interest rate on a savings account (1%- nowadays that a pretty good one), which lottery prize is worth more to you today? b) Now, assume that a risk premium is added to the discount rate and now you estimate a discount rate of 5% should be used. Which lottery prize should you pick now? (Question 2 hint: discount the prizes to present value). (2 points per correct part (a) and (b), 4 total. Show calculations.)

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