This lottery winner chose $7-million lump sum over $1K each day for life
This lottery winner chose $7-million lump sum over $1K each day for life
globalnews.ca This lottery winner chose $7-million lump sum over $1K each day for life - Montreal | Globalnews.ca
A retired brewery operator from Quebec was in shock when he first got the phone call telling him to check the results of the previous night's lottery draw.
2 comments
Money now is worth more than money later. Especially since it would take almost 20 years to make 7 million at 1000 a day(7000000/1000/365 please correct me if I did that wrong). Also, in that 20 years you'll make about 11 million at 5% compounding interest on 7 million capital. That's without spending anything. Taking out low interest loans to pay yourself back for your expenses shouldn't eat up too much though.
Yeah, thats what you should do