Apollo E-cig contest/giveaway thread!!
- Thread starter a_rey88
- Start date
- th_trl_thread_readers 0
- Status
I couldn't even imagine what I would do with the powerball jackpot...i sure would share with our families and then we would all go on one heck of a vacation to A far away island like Margaritaville !!!
Thanks ....hope you had a great holiday too.Hi Ladybear! Happy New Year to you, too! I have been very inconsistent lately, but I resolve to not do that anymore.It's good to hear you had a great holiday with your family!
I think they said that the jackpot is at 1.3 billion right now. The electric sign at the gas station I stopped at earlier only says 999 million because the sign only has 3 digits. Getting the entire jackpot at one time, after taxes, would be somewhere in the neighborhood of 450-500 million.
If you win, you can choose to either receive the annuity payout in 30 payments (in which the total payments will equal the stated prize) or you can choose a cash out option, where you will receive the present value of the prize, which is typically approximately 62 percent of the prize. The annuity is not equal payments. The first check is the smallest, and each subsequent check is increased by 5 percent to account for inflation. So if the prize is 1.3 billion, then the cash out option would pay you a little over $800 million while the annuity would give you an average of $43 million a year. Then you need to deduct taxes.We got one, I have no idea how it works though
A lot of the horror stories of lottery winners squandering their winnings dates back to the early days, when the prizes were smaller and there was no cash out option. One of the first $5 million winners quit his job, but then blew his first year's check in a matter of months, so basically he was broke for the rest of the year. With such a large prize, the annual check is plenty big enough that it would be really hard for you to blow it all before the next check rolls around, so it more than makes sense to go for the annuity. There are plenty of analytical studies around which determines that you really need to invest most of the money and get an annual rate of return of at least 4 percent in order to make more money over 30 years in order for the cash out option to result in more money than getting a guaranteed check every year for 30 years.
cold windy and snowy here. brrrr...stay warm my friends and i wish for you a good nights sleep and a wonderous morning!
so Power Ball is up to 1.3 billion........
that is enough to give EVERYONE in the U.S. over 5 million dollars.........
that is enough to give EVERYONE in the U.S. over 5 million dollars.........
You mean 5 dollars. If it was enough to give everyone 5 million dollars, that would mean that there is only 260 people in the US.
no one...it would actually create problems, ala serious devaluing of the dollar....I was just putting into perspective just how high the jackpot really is
good to know you see the error of that post.....LOL........no one...it would actually create problems, ala serious devaluing of the dollar....I was just putting into perspective just how high the jackpot really is
redo your math...there are just over 300 million in U.S population.....
so if you only gave EVERYONE 1 million.....that is just barely over 300 million...........the pot is 1.3 BILLION....13 thousand millions
If you give all 300 million people $1 each, that comes to $300 million dollars you give out. If you give 300 million people $10 each, 300 million times 10 equals $3 billion dollars.
Double check your numbers. You said there are 300 million people, and the jackpot is 13 thousand millions. Actually, 1.3 billion is 1,300 million. So 1.3 thousand divided by 300 is what? $4.33 each. Your calculation is off by one decimal point and you forgot the 6 zeroes after the population.
- Status
Similar threads
- Locked
