new powerball scheduled payout info

Reply #11

Dream — Fri, 30 Sep 2005 23:21:27 GMT

If you take $125M ($167M-25%) in graduated annual payments and invest all of the payments into CD at 3.7% over 29 years you would get ~$200,686,862. But if you take the lump sum and invested over 30 years at the same rate you would get ~185,363,823.41 at the end. I am not a pro , so I do not know any other factors.

Reply #10

Dream — Thu, 29 Sep 2005 04:00:59 GMT

No, I do not have the algorithm

Reply #9

BaristaExpress — Tue, 27 Sep 2005 00:51:53 GMT

LUMP SUM CASH PAYOUT

Reply #8

dvdiva — Mon, 26 Sep 2005 21:24:04 GMT

I could have never guessed that.

Reply #7

weshar75 — Mon, 26 Sep 2005 21:05:03 GMT

Since powerball went to this backloaded annuity which I am not a fan of I will be choosing the cash option this thursday morning when I head up to Salem,Oregon to the lottery office for my powerball winnings.

Reply #6

ryanm — Mon, 26 Sep 2005 19:39:15 GMT

Smart enough to take the annuity!!? That's funny Jackpot winners who are careless don't stand any better of a chance with an annuity than they would with the lump sum payout. They'll probably end up borrowing against future annuity payments in place of blowing their whole lump sum. Cash option value is always the better choice.

Reply #5

anonymous77 — Mon, 26 Sep 2005 16:31:20 GMT

Cash value option or annuity?For just fun, I tried to calculate the present value of 30 annual payments based on 148M annunity and its payment schedule. I used the internal rate of return(IRR) method within finance function of MS Excell.The calculation indicates that the internal rate of return on the 73.4M cash value investment over the 29 year scheduled cash inflows(annuity payments) is approximately 5%.I wonder whether PB indeed uses that rate but, based on the result, I think a possible inte... [ More ]

Reply #4

CASH Only — Mon, 26 Sep 2005 13:44:19 GMT

Guess What! I'm taking the cash!!Yeah, maybe someday MM or PB will have 50-year annuities. I've heard of at least one phony million-dollar prize that was to be paid 20k a year with no cash option.

Reply #3

Rip Snorter — Mon, 26 Sep 2005 12:25:55 GMT

A lot of the joy of winning the lottery comes in the surprise. A person who accepts the annuity will get the double dose of that commodity when it comes time for the first payment toward his $30M.Probably nobody much is going to take annuities, and probably PB knows it's so. But it looks SO good on a billboard, that $30M smoke and mirrors trick. So much better than, say, plus/minus $15M before taxes.If this plays you MM players ought to be able to look forward to the same song, different stan... [ More ]

Reply #2

starchild_45 — Mon, 26 Sep 2005 09:59:57 GMT

wow 17 years to get the first million. i think i am going to start selecting the cash option.

Reply #1

GuessWhat! — Mon, 26 Sep 2005 06:44:56 GMT

Do you know the ALGORITHM ? Are YOU smart enough to take the Annuity

new powerball scheduled payout info

Dream — Mon, 26 Sep 2005 03:43:14 GMT

new powerball scheduled payout info based on $30M jackpot Payment No.Graduated Payments (Rounded)% of Total Annuity Prize 1 $535,0001.78300991336613% 2 $556,0001.85433030990078% 3 $578,0001.92850352229681% 4 $601,0002.00564366318868% 5 $626,0002.08586940971623% 6 $651,0002.16930418610488% 7 $677,0002.25607635354907% 8 $704,0002.34631940769104% 9 $732,0002.44017218399868%10 $761,0002.53777907135862%11 $792,0002.63929023421297%12 $823,0002.74486184358149%13 $856,... [ More ]