30-Year Lottery Annuity Payout Calculator
This 30-Year Lottery Annuity Payout Calculator helps lottery winners estimate annual payments over 30 years, considering interest accumulation. It shows yearly payouts, total amount received, and interest earned for financial planning.
How It Works
Formula Used: Annual Payment = P × r / (1 - (1 + r)-n)
Where P = Principal, r = Annual Interest Rate, n = 30 years
Calculation Process
1. Input total jackpot amount and interest rate
2. Convert annual rate to decimal (e.g., 5% = 0.05)
3. Calculate annual payment using annuity formula
4. Multiply annual payment by 30 for total payout
5. Subtract principal to find total interest earned