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So you’ve won Mega Millions – Do you choose the lump sum or the annuity?

October 22, 2018 10:49 pm

via threepwoodpirate: The mega millions jackpot is $1.6 billion, but that is paid in: a. A lump sum payment of $904 million; or b. Annuity payments of $53.3 million over 30 years. Here I’ve graphed how much money you would have …

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Why does everyone say that you can make more money with the cash option over the annuity when winning the lottery?

October 22, 2018 3:40 pm

by TheForeverAloneOne I’ve seen arguments that state allowing the government to invest the money for you for 30 years will return a smaller percentage than if you did it yourself but the counter-argument I’ve seen is that if you let …

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