Answer to: If you put in a lump sum of $8,000 and you can earn 7% on the money for a period of 22 years, what is that amount worth at the end of...
) visit sb or a place (usu within the same town, city, etc) 访问或参观(通常为同一城镇等的)某人或某地: Why don't you come round (to my flat) this evening? 今晚你来(我家), 好吗? *| Do come round and see us some time. 务必抽空来坐坐. come round (to sth) (also come around ...
It just needs to be decided at the outset to avoid any uncertainty or disputes further down the line. If a Set For Life winner dies before they have received all their payments, the remainder of the prize is normally paid as a lump sum to their estate. Discuss and agree as a syndicate...
The ticketholder will be able to claim either a lump-sum payment or annual installments. The former option allows the winner to invest their winnings and take advantage of compound interest. The latter, referred to as an annuity payment, may make more sense for taxation purposes since winnings...
A winning lottery ticket allows you to take a cash option or an annuity option. Someone receiving an annuity is simply receiving regular payments for a set amount of time, or until a predetermined dollar amount is reached. Understanding how an annuity works will help you determine whether to ...
Of course, the advertised $1.1 billion for Tuesday night's drawing is what you'd get if you were to choose totake your winnings as an annuityspread over three decades. The lump-sum cash option — which most jackpot winners choose instead — is $576.8 million (as of mid-day Tuesday)....
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A winning lottery ticket allows you to take a cash option or an annuity option. Someone receiving an annuity is simply receiving regular payments for a set amount of time, or until a predetermined dollar amount is reached. Understanding how an annuity works will help you determine whether to ...
Lump-Sum vs. Annuity Payments To illustrate how lump-sum and annuity payments work, imagine you won $10 million in the lottery. If you took all the winnings as a lump-sum payment, they would be subject to income tax in that year, and you would be in the highest tax bracket. However,...
To illustrate how lump-sum andannuity paymentswork, imagine you win $10 million in the lottery. If you take the lump-sum payment, the entire winnings would be subject toincome taxin that year, and you would be in the highesttax bracket. However, if you choose theannuity option, the paym...