>>>http://www.msnbc.msn.com/id/20530196/
>>>This couple has won the lottery AGAIN!.
>>>
>>>The first time around they won 2.5 million. If they had invested it in a 5% interest
>>>savings acount, they could be living of $125,000 a year. So, other than greed, why play again?
>>
>>I'm more interested in why, if they won 5 million, they are only getting 2.5 million. How come?
>
>
>Because by default you receive the jackpot in a series of annual payments. You can opt to take a lump sum instead, which most people do. It all has to do with the time value of money.
>
>The story of Indians selling the land that is now Manhattan to white settlers for $40 worth of trinkets has been widely told (although apocryphal, I suspect) and they have been widely mocked for it. However, I read that if they had taken that $40 and invested it at compound interest it would now be worth more than Manhattan.

Where invest - in the local wampum bank? :-)