Some players do believe that rather than spending the

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
on an annual basis, and know that you can do so for years to come. Some players do  believe that Rather than spending the time listing all of the possible investments and  returns, that getting a check every year for the next 30 would be very comforting. For me annuity payout is actually an incredible handicap to one's "buying power". Although my winnings were very much affected by cash option which would be  sometime dramatically very high & sometimes it's the other way round .You could get  one that will give you an annual payment until you die, which might be "better" than one  that stops paying when you're 50, or you might get one that pays modestly for the first  few years and then pays more after you've gotten better at handling larger sums of  money.  If you won the lottery today, which option would you choose and why? If I won a lottery today after all the merits & demerits of annuity I would still prefer cash  option because I am risk bearer, I want immediate returns so that I could reinvest them  & earn more.. I am somebody with business-mind and know how to or are experienced  at taking healthy risks for gain, take the lump sum.
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern