Provide an original summary of approximately 300 words or more. Provide the source or a link to the article for easy accessibility

Job ID: 32752896

Budget: $30 – $250 USD

You win the lottery—would you rather have a lump sum today or an annuity over years? Read the article (link below), determine the best strategy given an expected 2%, 5%, or 10% interest rate. Be sure to evaluate real versus nominal returns in this discussion (the effects of inflation) and don’t forget to consider the effects of taxes. You may want to use a financial calculator to determine the future value of your winnings.

https://www.businessinsider.com/should-you-take-the-annuity-or-the-lump-sum-if-you-win-the-lottery-2013-9
Related categories: Finance Economics