Tonight’s PB, fun facts...

Reply #6

plnwebguy — Sun, 14 Mar 2004 14:02:43 GMT

Here's another fun fact:Until the drawing, 50 was the only white ball that had not been picked in any of the previous 66 jackpot drawings of the current version of Powerball. As of now, they've all been chosen at least once, with 2 leading the pack being chosen 12 times.plnwebguy

Reply #5

hypersoniq — Sun, 14 Mar 2004 10:39:29 GMT

looks like it won't be our problem... 1 winner in indiana...

Reply #4

Fwup — Sun, 14 Mar 2004 04:17:10 GMT

So if you take the lump sum AND manage to get a 9% return for 29 years, you'll end up with an extra $33,710.34 a year?On the other hand, if you take the annuity, you get a yearly check for almost $2 mil without having to worry about maintaining a 9% return, plus you can't go crazy and blow the entire wad in a few years. You KNOW you'll get a $2 mil check every year.For me, the peace of mind I'd have knowing I'm getting a steady paycheck is worth $33k a year.

Reply #3

Thomas Covenant — Sun, 14 Mar 2004 02:46:58 GMT

A guaranteed rate of return of 9% for 29 years? Now where are you going to get that? Average is about 4% to 5%. Everyone thinks they could do better investing than what the lottery annuity pays, but that's usually not the case. The lottery annuity is pre-tax investment, it's hard to beat that.

Reply #2

twisted — Sun, 14 Mar 2004 02:08:06 GMT

prob987, do you mean Indian rupees

Reply #1

prob987 — Sat, 13 Mar 2004 23:58:40 GMT

...especially when you consider that nations with intemperate balance of payments deficits coupled with unprecedented government deficits generally experience hyperinflation dventually.Be sure to buy some Euros, yen, yuan and rupees.

Tonight’s PB, fun facts...

hypersoniq — Sat, 13 Mar 2004 23:27:48 GMT

The posted annuity value is $90,000,000, this is a payout of $2,190,000 per year... of that amount, they only withhold 27%, leaving you responsible for paying the additional 8% ($240,000) for a realistic total of $1,950,000. Not bad... total payout will be $58,500,000The posted Cash value is $50,200,000, this is a one-time payout of $36,646,000... you will need to also pay the remaining 8% not withheld by MUSL ($4,016,000) leaving you with a one-time payment of $32,630,000 after all taxes are p... [ More ]