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Powerball Back-to-Back Jackpots Set Record

Topic closed. 30 replies. Last post 11 years ago by chuck32.

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Urbandale, IA
United States
Member #8624
November 11, 2004
115 Posts
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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%.