1. Imagine you won a large lottery payout. Would you choose one lump sum payment, or annual payments?

1. Imagine you won a large lottery payout. Would you choose one lump sum payment, or annual payments? Explain why. Research what previous lottery winners have opted to do in the past.

2. Using the lessons you have learned in this unit, determine the net amount of take home cash, after deducting taxes, based on the payment type you chose (you choose the amount of the award!). Provide an example.

3. How could you use interest as a method of investing your earnings? How much would you invest, and where would you invest it?