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Topic:
site breaks down how much you'd get net out of 540 million lottery win for each state [Locked] |
Gaevren  Title: Wat do?
Posts: 1,181
Registered: 2004-9-15 09:29:36
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
At this point I think I would just take the freaking lump sum lol.
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There are no automatic doors, just very polite ninjas
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tantallous  Title: Thought Police
Posts: 192
Registered: 2002-1-11 23:14:32
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
-Abysmal- posted:
lump sum here in MA, kidnap my kid from his mother and move to some island and not tell a soul!!
so uh.. hows that not telling anyone working out for ya? 
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Its what you just said, translated into guy speak and leaving out the unecessary parts
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Sith_Mauler Posts: 1,851
Registered: 2002-12-21 13:40:03
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
I want cash now, just because of the nature of interest.
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I'm wild and a little crazy too
I have seen a lot of things in my life time.
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putzbutt Posts: 156
Registered: 2001-12-25 08:34:18
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
i'd take the annuity because of the nature of me
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"Please accept my resignation. I don't want to belong to any club that will accept me as a member." (attributed to Marx)
http://ramblingsfromtheislandofmisfittoys.blogspot.com/ |
Cao_Ren Title: Archmaster
Posts: 157
Registered: 2001-7-13 18:33:35
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
HeartView posted:
Cao_Ren posted:
year 21: 529.57 vs 535.76
So, it would take 21 years for the annuity to beat the lump sum at 5%. However, in this scenario, the lump sum person got 79 million to play with up front. The annuity person didn't get anything. This would look a lot different if the annuity was reduced for play money.
The yearly payouts continue to 26 years.
It only matters if you plan to use more than what the yearly payouts would be, if you anticipate spending more in the first few years then the lump sum is the way to go, otherwise go with the payments. This is especially true if you are young enough to survive the 26 years of payments.
You're missing the point. Yes, I know there are 26 payments. I'm saying it would take 21 payments for the annuity to overtake the lump sum investment if you never took a dime out of it. But if you never take a dime out of it, what's the point? The lump some investor got 79 million to spend on top of his investment.
And if you bump up the percentage to 7%, the annuity investment could never overtake the lump sum investment.
Here, play with this javascript in your scratchpad:
function interest()
{
var years = 27;
var lumpAmount = 200;
var annuityAmount = 15;
var interest = 1.07;
for (var x = 0; x < years; x++)
{
lumpAmount = lumpAmount * interest;
annuityAmount = annuityAmount * interest + 15;
}
alert( "lump: " + lumpAmount + "; annuity: " + annuityAmount);
}
interest();
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Overlord of Wei-Britain
"Woooo, threesome with me, Cao, & Lynea!" -Poit-Narf
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
As long as I'm dreaming, I'd like a building constructed at Cornell named after me.
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Your side hates my side because you think we think you're stupid.
My side hates your side because we think you're stupid.
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HeartView Title: Be right back...
Posts: 1,209
Registered: 2001-12-20 08:11:56
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
I'm not missing the point. Most people couldn't handle suddenly having $10 million let alone $500 million. Personally, after the first $5 million I'd have to get creative on how to spend it or save it. The thought of piling up money just to make more money does not appeal to me at all. In 30 years are you really going to care if your fortunes are at $500 million or $600 million? Will it really matter?
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Cao_Ren Title: Archmaster
Posts: 157
Registered: 2001-7-13 18:33:35
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
Also, if comparing apples to apples, investing everything either way (the full 279 million vs the 15 million annuity), at 5% and 26 years:
lump: 1041.63 million
annuity: 876.04 million
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Overlord of Wei-Britain
"Woooo, threesome with me, Cao, & Lynea!" -Poit-Narf
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HeartView Title: Be right back...
Posts: 1,209
Registered: 2001-12-20 08:11:56
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
Cao_Ren posted:
Also, if comparing apples to apples, investing everything either way (the full 279 million vs the 15 million annuity), at 5% and 26 years:
lump: 1041.63 million
annuity: 876.04 million
But the vast majority of people would not stop at spending the $79 million you would choose to spend. Most would finish that off and go back for more. If you are capable of that level of self control then great for you. But history has proven over and over again that the vast majority of people that come into sudden wealth do not know how to handle it and lose it quickly.
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PM me for the password to my Photobucket:
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Cao_Ren Title: Archmaster
Posts: 157
Registered: 2001-7-13 18:33:35
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
HeartView posted:
I'm not missing the point. Most people couldn't handle suddenly having $10 million let alone $500 million. Personally, after the first $5 million I'd have to get creative on how to spend it or save it. The thought of piling up money just to make more money does not appeal to me at all. In 30 years are you really going to care if your fortunes are at $500 million or $600 million? Will it really matter?
Your original argument was about a concern of losing $100 million. Now you're recanting?
HeartView posted:
You'd
be starting out over $100 million behind from the payment method. Are
you going to make that back over 26 years considering you could still
invest your yearly payments and get the same interest/dividends?
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Overlord of Wei-Britain
"Woooo, threesome with me, Cao, & Lynea!" -Poit-Narf
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