Advice to a Lottery Winner
Advice to a Lottery Winner
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Popular lotteries such as Powerball and Mega Millions allow winners to receive payments either as an annuity or lump sum How does a lottery annuity differ
This payment option is a contract between you and a pension plan, lottery, or other provider in which you receive your money in regular Someone in Illinois bought the winning ticket, and if he or she does like most winners, they will take the lump sum, not the annuity
when am i going to win the lottery Even if you account for the amount of money you lose in taxes, investing the lump sum will vastly outpace the annuity long before the annuity is To arrive at the answer, we need to know the present value of 20 annuity payments of $45,000 based on 3% interest By plugging the interest rate
