Solved 3 Which lottery payout scheme is better? Suppose

Lottery Payout Options — Annuity or Lump Sum? lump sum lottery payout 50% CASH OPTION: ONE LUMP SUM PAYMENT ; $3,000,000, $1,500,000, 1,140,000 ; $3,200,000, $1,600,000, 1,216,000 ; $3,400,000, $1,700,000, 1,292,000 ; $3,600,000 lump sum lottery calculator The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

lump sum or annuity lottery There are two payout options for the lucky winner: a lump sum of $ million or an annuity worth $1 billion Both are pretax estimates The