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Mega bucks

In a message dated 7/21/2005 10:25:19 A.M. Pacific Standard Time,
dds6@cox.net writes:

If you are fortunate enough to hit a megaprogressive, you have the
option of taking a lump sum payment or annual payments over a number of
years.

Don the Dentist

As in a state lottery "mega" jackpot, is the lump sum some amount less than
the full prize?

[Non-text portions of this message have been removed]

Yes, it's the present value of the annuity. It's a pretty simple financial calculation.

http://www.investopedia.com/articles/03/101503.asp

ยทยทยท

As in a state lottery "mega" jackpot, is the lump sum some amount less than
the full prize?