# Lottery payment options

**URL:** <https://boards.straightdope.com/t/lottery-payment-options/536497>\
**Category:** Factual Questions\
**Created:** [April 18, 2010, 12:22am UTC](https://boards.straightdope.com/t/lottery-payment-options/536497 "2010-04-18T00:22:18Z")\
**Posts on this page:** 2\
**Page:** 2

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**Author:** ![Darth\_Panda](https://avatars.discourse-cdn.com/v4/letter/d/ee7513/32.png) [@Darth\_Panda](https://boards.straightdope.com/u/Darth_Panda)\
**Post date:** [April 20, 2010, 4:12pm UTC](https://boards.straightdope.com/t/lottery-payment-options/536497/21 "2010-04-20T16:12:57Z")

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> [@](#):
>
> That means you would need to be able to take 0.66 million out of principal in order to match the annuity

I should have written 1.23 Million here. (The 0.66 is what would be needed with 8% interest)

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**Author:** ![Darth\_Panda](https://avatars.discourse-cdn.com/v4/letter/d/ee7513/32.png) [@Darth\_Panda](https://boards.straightdope.com/u/Darth_Panda)\
**Post date:** [April 20, 2010, 4:15pm UTC](https://boards.straightdope.com/t/lottery-payment-options/536497/22 "2010-04-20T16:15:30Z")

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By the way, I would be happy to manage the investments of any doper who wins the lottery.

Which reminds me - you need to earnt hat 7% after your investment manager’s fees, if you choose to use one. Another hurdle toward to matching the annuity payout.

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