[net.consumers] Sweepstakes

colonel@sunybcs.UUCP (Col. G. L. Sicherman) (01/05/86)

>    Reading the fine print on the bottom of one of the prime time
>  advertisements I discovered the "lotto" style of payoff.  The $10
>  million is given out in $333,333 per year.  The rest is reinvested
>  by the company and they make money.  They don't lose $10 million
>  suddenly.

At 6% the present value is about half the nominal value.  And a hard
run of inflation could make it much less.
-- 
Col. G. L. Sicherman
UU: ...{rocksvax|decvax}!sunybcs!colonel
CS: colonel@buffalo-cs
BI: csdsicher@sunyabva