Winning Expectation
Because the quoted jackpot amount is an annuity of 30 graduated annual payments, its cash value relative to the annuity fluctuates. The actual ratio depends on projected interest rates and other factors. MUSL starts with the cash value, built from a percentage of sales and then calculates the advertised jackpot amount from that value based on the average costs of the three best securities bids.
Read more about this topic: Powerball
Famous quotes containing the words winning and/or expectation:
“She whom I love is hard to catch and conquer,
Hard, but O the glory of the winning were she won!”
—George Meredith (1828–1909)
“For, the expectation of gratitude is mean, and is continually punished by the total insensibility of the obliged person. It is a great happiness to get off without injury and heart-burning, from one who has had the ill luck to be served by you. It is a very onerous business, this being served, and the debtor naturally wishes to give you a slap.”
—Ralph Waldo Emerson (1803–1882)