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MohRokTah

(15,429 posts)

2. The annuitized amount is exact, not an "estimate"

Reply to dixiegrrrrl (Original post)

Mon Jan 11, 2016, 05:25 PM

Jan 2016

That is because the advertised value is annuitized over 30 years and the principal is held in 30 year treasury securities, which is why the cash payout value is so high and the value after 30 years can be precisely calculated.

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About the REAL payout of that Lottery jackpot [View all] dixiegrrrrl Jan 2016 OP

You're right...hardly worth the effort of claiming the prize if you have the winning numbers. ileus Jan 2016 #1

The annuitized amount is exact, not an "estimate" MohRokTah Jan 2016 #2

"a few million"? B2G Jan 2016 #3

Keeping it in perspective HassleCat Jan 2016 #4

I'm not sure what the cash prize has to be that would finally compel me to purchase a ticket LanternWaste Jan 2016 #5

Well I'll just tear up that winning ticket then. NT mahatmakanejeeves Jan 2016 #6

only thing i get from this is if you are going to play JI7 Jan 2016 #7

The lottery office is right next door... brooklynite Jan 2016 #8

Thanks, I have already bought my ticket MiniMe Jan 2016 #9

Here is some perspective nadinbrzezinski Jan 2016 #11

If I hit it (snicker) I think I will be ok nadinbrzezinski Jan 2016 #10

60% of $868 million is $520 million. Calling it "a few million" is Republican Math. nt TeamPooka Jan 2016 #12