Winning the lottery: Take the lump sum or the annual payments?

Winning the lottery: Take the lump sum or the annual payments? lottery annuity vs lump sum
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lottery ticket christmas gift ideas 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

lottery samachar Under the annuity plan, winners will receive an immediate payment and then 29 annual payments that rise by 5% each year until finally reaching The advertised lottery jackpot is for winners choosing payment through an annuity over 30 years Higher interest rates mean a lump sum will grow