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Idaho woman wins $390,000 lottery prize after playing same numbers for 27 years

Topic closed. 33 replies. Last post 4 years ago by EdG1955.

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helpmewin's avatar - dandy
100
u$a
United States
Member #106661
February 22, 2011
19967 Posts
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Posted: September 25, 2016, 9:14 am - IP Logged

$25,000 a year for life, or a $390,000 lump sum.

how do they determine this Lump sum payout?

Patriot

    helpmewin's avatar - dandy
    100
    u$a
    United States
    Member #106661
    February 22, 2011
    19967 Posts
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    Posted: September 25, 2016, 9:17 am - IP Logged

    KOOL NO!!! Thanks YOU just gave all the KOOKOOS out their a real Good HEAD START..............

    As Music* Said What a great story to start the day off with.

    Then comes PG 2!No No

    American Indian, Well you ever be Happy and enjoy Life again? Smiley

    Patriot

      dr65's avatar - black panther.jpg
      50
      Pennsylvania
      United States
      Member #74094
      May 2, 2009
      24135 Posts
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      Posted: September 25, 2016, 9:36 am - IP Logged

      Tue, Aug 30, 2016     Kentucky     Pick 4 Evening     8-4-8-4
      Thu, Apr 14, 2016     Kentucky     Pick 4 Evening     8-4-8-4
      Tue, Dec 1, 2015     Kentucky     Pick 4 Evening     4-4-8-8
      Tue, Feb 10, 2015     Kentucky     Pick 4 Midday     8-4-8-4

      That's awesome! I Agree!  Dance

      $10 straight bet...then he's got others in ($72) and I hope he hits with them..

       

      Rosemary WTG and I'm happy for her but I'd sure have mixed feelings wishing it would have happened A LOT 

      sooner..she's 87

      She looks very happy though and that's what matters for her.

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        Marana AZ
        United States
        Member #145337
        August 3, 2013
        253 Posts
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        Posted: October 1, 2016, 6:49 pm - IP Logged

        $25,000 a year for life, or a $390,000 lump sum.

        how do they determine this Lump sum payout?

        The lump sum payout is the cost of an annuity that would pay $25,000 per year for a fixed period of time.  With compounding at today's rates (5 yr CD is 1.67%), that fixed period is about 18 years.  Considering she's 87, I think the lump sum option was a good choice.

        Reference: Annuity Calculator