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Path: utzoo!watmath!sunybcs!colonel
From: colonel@sunybcs.UUCP (Col. G. L. Sicherman)
Newsgroups: net.consumers
Subject: Re: Sweepstakes
Message-ID: <2706@sunybcs.UUCP>
Date: Sun, 5-Jan-86 14:40:12 EST
Article-I.D.: sunybcs.2706
Posted: Sun Jan  5 14:40:12 1986
Date-Received: Mon, 6-Jan-86 05:10:46 EST
References: <474@iheds.UUCP> <649@sftig.UUCP>
Distribution: net
Organization: Travelers' Advisory
Lines: 13

>    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