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Can someone help me out with my math?Reply
Your result is definitely wrong, but it's more than a simple math error. If you invested 141 million at 2.5% the annual earnings would be $3.525 million, so I'm guessing you got the 2.5% figure by starting with the 141 million and an annual income of $3.5 million then rounding the result to 2.5 (3.5/141=.0248). Since the annuity is from an investment of $65.6 million, a $3.5 million pre-tax income is what you'd get from a rate of 5.33% if you didn't collect any of the principal. Here's
Aug 9, 2007, 1:36 am - KY Floyd - Mathematics Forum

Can someone help me out with my math?Reply
That's the formula for the future value of a series of payments, and calculates the total of the payments and the interest earned during the investment period. If you planned to invest each payment from the annuity at a fixed rate of interest that formula would tell you how much you would have accumulated after any given number of payments, if you hadn't withdrawn anything during that period. By taking the annuity instead of cash you're essentially loaning the principal and collecting mortg
Aug 9, 2007, 11:27 am - KY Floyd - Mathematics Forum

Can someone help me out with my math?Reply
lol Now I KNOW I'm not asking my question right! LOL Sorry! Let me try again. To get annuity...they take the cash option....and put it in a bond....right? You're being paid the dividends every year in an annuity....right? I'm wondering if my cash option is 65.6 and they put it into a bond so I can get annuity and end up with 141mil, then what interest rate am I getting if my dividends are 3.5mil? My math...which again is bad...showed that with the cash option of 65.6mil....and the e
Aug 8, 2007, 10:51 pm - whitmansm2 - Mathematics Forum

Scratcher PayoutsReply
John:I don't think CA cash option winners get less than of those who chose annuity.
Jan 24, 2005, 7:47 pm - CASH Only - Mathematics Forum

Can someone help me out with my math?
Like most people I wanted to take the lump sum of any major jackpot win. I started thinking about it the other day, and thought that I was just not thinking things through and thats the last thing I want to do with that huge some of money! So, I was thinking that maybe annuity is better. I know everyone has their opinions on which one is better...but I want to know from a mathmatical point of view. (Don't worry...I understand too, that no one can give me better advice than a financial adviso
Aug 8, 2007, 10:00 pm - whitmansm2 - Mathematics Forum

Excel Formula HelpReply
I'm not an expert. I learned with Excel 2003. In the new versions I have to take a magnifier and a browser to find where is what. I took a class of VBA for Excel, also not at the nerd level. The rest is try and fail. ... Annuity is post-numerando but paid immediately. ... Don't forget the devaluation of the money. You all forget that part.
Jul 11, 2021, 12:56 pm - Speler - Mathematics Forum

How long till the next big one?Reply
Now that the impossible has become possible, the jackpot will reach a one-time awesome jaw breaking $1, 900,000,000.00 dollars! Want to take the annuity on this one? Good idea, if you are young maybe or if you are old, leave to an trust fund---get some legal advice, but why do i? It will be a one winner and it will be me!
Apr 25, 2012, 1:51 am - mylollipop - Mathematics Forum

After Tax Cash JP amountReply
I also look in NJ for a ball park figure of around 40% of the gross jackpot for after tax, cash option. I figure the cash option is about 60% of the annuity option, multiplied bt 65% net for a total of around 39%
Dec 4, 2005, 8:01 pm - MickSeven - Mathematics Forum

Can someone help me out with my math?Reply
I looked there and that's where I got some of my information....I do appreciate you responding! But my question...to break it down...is what is my percent rate? How much am I making off of the cash prize if I take the annuity? What's my return? Does that make sense?
Aug 8, 2007, 10:06 pm - whitmansm2 - Mathematics Forum

Can someone help me out with my math?Reply
No, that's not what I said. If the annuity payments were all the same then it would represent roughly 6% on an investment of $61 million, but the payments aren't equal. The payments for the first several years are smaller, so that there is more principal invested than if the payments were equal. Because there is more principal the total of the payments is generated with a lower interest rate. As a SWAG I'd put it at about 5.2%. If you didn't have to pay income tax on the lump sum you c
Aug 10, 2007, 3:40 am - KY Floyd - Mathematics Forum