Aurora G.

asked • 21d

In perspective, if you won a $25 million lottery, would you take the lump sum prize of $17 million immediately or the annual annuity of $1 million dollars for the next 25 years?

In perspective, if you won a $25 million lottery, would you take the lump sum prize of $17 million immediately or the annual annuity of $1 million dollars for the next 25 years?

Rick R.

tutor
It depends on how old you are, whether you have any dependents and how old they are, and most importantly, current market interest rates and the current and expected rates of inflation.
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21d

1 Expert Answer

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Dave M. answered • 21d

Business Teacher & 1st Place DECA Advisor

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