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Can someone help me out with my math?Reply
WOW! Thank you so much for the information!!! So you're saying that by getting the annuity I would only be getting 5.96% (roughly). Which I can make more if I take the cash value and invest it myself. Did I get that right? THANK YOU SO MUCH!!! This is making more sense.
Aug 9, 2007, 12:01 pm - whitmansm2 - Mathematics Forum

Can someone help me out with my math?Reply
A decent college econ book will have a lookup table for this (Interest and Annuity Tables for Compounding). If you dig around in Excel or Calc (Financial subcats), the formulas are there, too. There are most likely some plug-in pages on the web, too.
Aug 9, 2007, 8:46 am - time*treat - Mathematics Forum

The Math and The LotteryReply
I've read several times that two third of lottery winners used quick picks, so it's obvious that most winners don't use any type of analysis at all and do just fine. I'm sure it's been written here many times, but most people buy QPs which is why they win all the time. Even people who choose random numbers will say give me a couple of QPs once in a while. The winning numbers on Wed in FL were 3-4-5-9-44-51. It was a QuickPick. $46million won by one person. (Why would a 20 year old take th
Dec 25, 2005, 6:14 pm - justxploring - Mathematics Forum

Calculating a percentageReply
Mega Millions tickets cost $1.00 per play. Players may pick six numbers from two separate pools of numbers - five different numbers from 1 to 56 and one number from 1 to 46 - or select Easy Pick. You win the jackpot by matching all six winning numbers in a drawing. What if you win the jackpot? Annuity option: Provides 26 annual payments. For every $1,000,000 in the jackpot, you will receive approximately $38,500 per year before taxes. Cash option: A one-time, lump-sum payment that i
May 7, 2009, 1:15 pm - pick4hawk - Mathematics Forum

Can someone help me out with my math?Reply
Annuity FV = PMT * [ ( ( 1 + i )N - 1 ) / i ] FV = future value (maturity value) PMT = payment per period i = interest rate in percent per period N = number of periods Plug in the known values and solve for the unknown value. (In your case: i)
Aug 9, 2007, 9:09 am - Raven62 - Mathematics Forum

what is wheeling system logic?Reply
I suggested that you choose your battles wisely. All of this completely ignores the fact that no matter what you do, your $Winnings are directly proportional to the number of tickets you purchase, NOT to the way you choose your numbers. Where you napping when I clearly said my choice of game for using a 3 if 4 wheel was Ohio's RC5 or when I clearly showed using that wheel, 12 $1 tickets can show a net profit of $28 WITHOUT matching the wheel's mathematical guarantee? Don't pretend you
Apr 17, 2011, 8:46 pm - Stack47 - Mathematics Forum

Mega Millions - is a $1, $2, or $3 ticket the best value (EV)?Reply
Sorry, I messed up the Just the Jackpot (JTJ) pricing. It's $3 for 2 tickets, not $1 for 1 ticket. Comparing JTJ to regular ticket, then, we have the following equation for the equal EV / unit bet: (2/3)(kJ)p = (1/2)(kJ)p + A/2 Therefore, J = 3A/(kp). Comparing JTJ to Megaplier ($3) ticket, we have the following: (2/3)(kJ)p = (1/3)(kJ)p + (3A)/3 Therefore, again, J = 3A/(kp) To re-iterate Regular Ticket vs Megaplier: (1/2)(kJ)p + A/2 = (1/3)(kJ)p + (3A)/3 Once again,
Jul 27, 2022, 2:19 pm - Orange71 - Mathematics Forum