Calculating lottery winnings

Required: Calculate the present value of your lottery winnings, assuming an interest rate of 8% Using a present value table, your calculator, calculate the

Just like other gambling winnings, lottery prizes are taxable income Lottery income is taxed like other gambling income, with initial

how do slot machines pay out calculate their actual taxable income, prospect theory met the basic lottery winnings into a “Pennies from Heaven” account While people can be

how to divide poker chips Since all combinations of numbers are equally likely, how can you maximise your winnings? Here is where maths meets psychology: you win more if