| Posted: April 19, 2006, 7:23 pm - IP Logged | |
Actually, the higher the interest rate, the LOWER the cash percentage. If a lottery does a poor job of investing the money, the the cash percentage goes UP. Assume that a lottery can only earn ZERO percent on the cash. Then what is the cash percentage? With zero earnings, the cash amount and the annuity amount are the same and the cash percentage is 100%.
