Most state lotteries in the U.S. give Lottery winners of particularly large prizes the option of taking
Fantastic news! We've Found the answer you've been seeking!
Question:
Most state lotteries in the U.S. give Lottery winners of particularly large prizes the option of taking the total prize as an annuity over several years, usually 10-20 years, or as a discounted lump sum now. Based on what we are studying this week and your prior knowledge and research, what are the various factors that should be considered in choosing an either alternative if the goal is to maximize the total benefit to the Lottery winner?
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date: