If a lottery pool wins the jackpot, can some take theirs as a lump sum and others as an annuity? Me and another person both put in for a ticket, except he said he wants to take the lump sum and I want to take mine as an annuity. Can he take his as cash and me as annuity?

You have your choice of two investment accounts. Investment A is a 10 year annuity that features end of the month ,680 payments and has a interest rate of 8 percent compounded monthly. Investment B is a 10% annually compounded lump sum investment, also good for 10 years. How much money would you need to invest in B today for it to be worth as much as investment A 10 years from now?

If you put up ,000 today in exchange for a 7.20 percent, 15-year annuity, what will the annual cash flow be?