|Posted: May 21, 2004, 3:19 am - IP Logged|Quote: Originally posted by keystonechas on May 21, 2004
How does the lottery officals come up with the cash value? Some where there must be a mathematical formula which we all could use to figure this out for ourselfs?
Thanx to all who supplied the missing data.
It is generally not possible to accurately back calculate the cash value from the annuity value since this value is a function of interest rates, and unless you work in the financial sector, you are unlikely to know the rates used for the calculation.
I hope I will be able to resume the "Probability of a rollover" thread soon.