>there is a formula for the future value of money. It boils down to whether
>you think you are better off with a steady income or a stake for investment.
>
>Dana
FV of money for a single cash flow
PV = PV(1+ip) raised to np
FV of a ordinary annuity
PV = PMTp(((1+ip) raised to np - 1)/ip))
I would think most of the time the math says to go with the annuity
plan..although I'm not so certain right now because the government bonds
that back the annuity payments have to be at an all time low.
If I won this type of money with a group of people there is no doubt that I
would opt for the single lump payment to avoid any hassles, headaches and
costs associated with continually distributing money.
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