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Mega Millions annuity prize raised 5 mil...

Topic closed. 7 replies. Last post 5 months ago by Think.

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TheMeatman2005's avatar - lightening
Brooklyn, NY
United States
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October 29, 2015
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Posted: July 5, 2016, 1:16 pm - IP Logged

but cash value prize raised 6 mil

Mega Millions annuity jackpot is no $454 mil up from $449 mil

The cash option is now $319 mil up from $313 mil

Has the interest rate gone down so low?

The Meatman

“The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

    wander73's avatar - Lottery-038.jpg
    Philadelphia, PA
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    Member #153774
    March 24, 2014
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    Posted: July 5, 2016, 1:21 pm - IP Logged

    That's a very good question since whoever hits this thing if I were to hit I want to know what the interest rate is because that's what I would be making money on besides other things

      TheMeatman2005's avatar - lightening
      Brooklyn, NY
      United States
      Member #169723
      October 29, 2015
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      Posted: July 5, 2016, 1:28 pm - IP Logged

      That's a very good question since whoever hits this thing if I were to hit I want to know what the interest rate is because that's what I would be making money on besides other things

      Most people end up taking cash value anyway.

      I personally don't want to wait 29 years for my money.

      The Meatman

      “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

      Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

        wander73's avatar - Lottery-038.jpg
        Philadelphia, PA
        United States
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        March 24, 2014
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        Posted: July 5, 2016, 1:51 pm - IP Logged

        No this is what I was mentioning.  Yes most people do take the cash option that is correct.  What I'm saying is whatever the interest rate is make money on it I never thought of that years back and now I see where some people come from because a lot of people spend and go broke

          realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

          United States
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          February 27, 2011
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          Posted: July 5, 2016, 2:22 pm - IP Logged

          but cash value prize raised 6 mil

          Mega Millions annuity jackpot is no $454 mil up from $449 mil

          The cash option is now $319 mil up from $313 mil

          Has the interest rate gone down so low?

          FEDERAL FUNDS TARGET RATE

          Good for borrowing money AND the Cash Value of a Lottery Jackpot! 

            I'm feeling a jackpot win coming my way!

            realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

            United States
            Member #106923
            February 27, 2011
            476 Posts
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            Posted: July 5, 2016, 2:26 pm - IP Logged

            but cash value prize raised 6 mil

            Mega Millions annuity jackpot is no $454 mil up from $449 mil

            The cash option is now $319 mil up from $313 mil

            Has the interest rate gone down so low?

            Thanks for the MM jackpot update, Meatman.  You beat Todd.  Kudos!

              I'm feeling a jackpot win coming my way!

              wander73's avatar - Lottery-038.jpg
              Philadelphia, PA
              United States
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              March 24, 2014
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              Posted: July 5, 2016, 2:51 pm - IP Logged

              So did I.  I beat todd to it also.

                Think's avatar - lightbulb
                Marquette, MI
                United States
                Member #20541
                August 20, 2005
                705 Posts
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                Posted: July 5, 2016, 2:58 pm - IP Logged

                but cash value prize raised 6 mil

                Mega Millions annuity jackpot is no $454 mil up from $449 mil

                The cash option is now $319 mil up from $313 mil

                Has the interest rate gone down so low?

                Yes and we are lucky we are not in some places in Europe where the interest rates have actually gone negative meaning that if you buy notes or bonds there you will get back less money than you loaned them!

                In the U.S. the 10 year recently hit an all time record low rate due to the economy.

                "The American Voter is too Stupid..."   Jonathan Gruber Obamacare Architect

                "There is no sin except stupidity" Oscar Wilde

                https://books.google.com/books?id=apm21IcqhmcC&pg=PP6&lpg=PP6&dq=americans+can+tolerate+just+about+anything+except+stupidity&source=bl&ots=tq9QUeP46j&sig=qXfXEz-wh_yUQSsE8DZG0ZjABls&hl=en&sa=X&ved=0ahUKEwil8YSjmuDPAhWF7IMKHV11A0kQ6AEIUzAI#v=onepage&q=americans%20can%20tolerate%20just%20about%20anything%20except%20stupidity&f=false