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How is a $1.28B jackpot not a $1.28B jackpot?
How is a $1.28B jackpot not a $1.28B jackpot?
when you win the lottery the default prize is awarded via a 30 year annuity, but you get the option take a lower amount of cash instantly.
this is usually considered the wiser option even though it's a lower prize amount because the value of a dollar is higher today than it is tomorrow.
the cash out option for a 1.28 billion (30 year annuity) prize is 747 million.
when you win the lottery the default prize is awarded via a 30 year annuity, but you get the option take a lower amount of cash instantly.
this is usually considered the wiser option even though it's a lower prize amount because the value of a dollar is higher today than it is tomorrow.
the cash out option for a 1.28 billion (30 year annuity) prize is 747 million.
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