What is the nominal sum of the 30 payments in the annuity due? Strictly speaking, is it

Question:

What is the nominal sum of the 30 payments in the due? Strictly speaking, is it legitimate for Powerball to report a $340 million jackpot? Explain your reasoning. (Many mega-prize lotteries employ a similar approach in their promotions.)
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...