Quote:
Originally Posted by IrishLake
If you won a million$+ lotto, would you take the lump sum, or would you take the yearly payments?
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This completely depends on what the yearly payments are, because they might end up being a higher amount in the long run, depending on the interest/compounding rate on the lump sum. If the future value of the lump sum is significantly less than the payments future values, I'd probably just go with the payments.
If vice versa, I'd go with the lump sum.
I'd get the math done before I actually decided.