Financial Mathematics For Actuarial Science: The Theory of Interest

lottery annuity or lump sum
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lottery annuity or lump sum While annuity payments can be bequeathed to family members in the event of a winner's death, winners without family or heirs might be better  Annuity Advantages · The biggest advantage to an annuity is that you know you will have a steady, long-term source of income · With an annuity  Depending on their state laws, they would still have to pay state taxes Typically, most winners choose the lump sum and can, in theory, start

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