Quote:
Originally Posted by jdavis
SHRUG
$163.2 Million Powerball Jackpot Won in Indiana
(Powerball) One lucky ticket in Indiana matched all 6 numbers on Saturday, January 17th and walked away with the $163.2 million jackpot. The holder of the winning ticket will now have to decide to either take the 29-year, 30-installment annuity, or the one time cash “lump sum” amount of $97,966,541.
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I would normally say that only greedy people take the lump sum, but with some quick calcs it does seem that if you managed your money properly you could probably earn interest near or the same amount per year as if you were on the long term payment plan, and as a bonus it continues after the 30 years is up... plus you still have your $97m!
10:1 that he blows the lot within 10 years though