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The present value of your winnings is $9,410,263.59 from the lottery under annuity due.
What is annuity?
A series of payments made at regular intervals constitute an annuity in the world of investments. Annuities include regular contributions to a savings account, recurring payments for a mortgage or rent, insurance premiums, and pensions. By how frequently payment dates occur, annuities can be categorized. Payments (deposits) may be made on a weekly, monthly, quarterly, annual, or other regular basis. By using mathematical operations referred to as "annuity functions," annuities can be estimated. A life annuity is a type of annuity that guarantees payments for the rest of the owner's lifetime. An annuity is considered assured or guaranteed if the total number of payments is known in advance. Depending on when payments will start, certain annuities' values may be determined using formulas.
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