Question
What if you won the money? Most of us dream of what it might be like to win the lottery. Suddenly, life would be easy
What if you won the money? Most of us dream of what it might be like to win the lottery. Suddenly, life would be easy and we would never have to worry about money again, right? Well, maybe. When we own something, whatever it is, it tends to become more important to us and we usually try to get as much value from whatever it is.
Submit For your initial post in this discussion, please research a recent lottery win and give your analysis on how the winnings were managed. Post your answers to the following questions: Would you take the one-time payout (which is always less than the face value of the publicized winnings) or would you take an annuity payout (which is usually the face value of the winnings, but paid out in even amounts over time)? What did the person in your research do? What portion of the one-time payout would you invest, how would you invest it, and what would be your expected returns over a 10 year period, and over a 20 year period? Or, if you took an annuity payout, what portion would you invest, how would you invest it, and what would be your expected returns over a 10 year period, and over a 20 year period? Justify and explain your answers using the tools you are learning in this module. Base your answers on what you would do and what you noted from the real-life example that you read about. Use numbers that you can find or make some up that seem reasonable and make calculations from what you have learned.
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