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Thread: the 1.000.000/2,000.000 pay off

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    ann
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    the 1.000.000/2,000.000 pay off

    has anyone commented on the small print that appears on the tv screen at the end of the show? it says that the money will be paid in 45 years!!!
    That is insane. 1,000.000 in 45 years is a measly 22,222.22 per year! The programmes don't even have to have 1,000.000 to give out since they only need about 200.000 in the bank and pay them with just the interest of a good Bond Fund.
    I am curious to know what anybody else thinks of that.
    I am sure that they have to pay them a bit more than that to go thru what sometimes looks like a real ordeal.
    Ann

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    FORT Newbie Richard G.'s Avatar
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    Quote Originally Posted by ann
    has anyone commented on the small print that appears on the tv screen at the end of the show? it says that the money will be paid in 45 years!!!
    That is insane. 1,000.000 in 45 years is a measly 22,222.22 per year! The programmes don't even have to have 1,000.000 to give out since they only need about 200.000 in the bank and pay them with just the interest of a good Bond Fund.
    I am curious to know what anybody else thinks of that.
    I am sure that they have to pay them a bit more than that to go thru what sometimes looks like a real ordeal.
    Ann
    If you check the fine print you will notice it's over 40 years... it comes to about $25,000 before tax dollars, or so I'm told.

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    Quote Originally Posted by ann
    has anyone commented on the small print that appears on the tv screen at the end of the show? it says that the money will be paid in 45 years!!!
    That is insane. 1,000.000 in 45 years is a measly 22,222.22 per year! The programmes don't even have to have 1,000.000 to give out since they only need about 200.000 in the bank and pay them with just the interest of a good Bond Fund.
    I am curious to know what anybody else thinks of that.
    I am sure that they have to pay them a bit more than that to go thru what sometimes looks like a real ordeal.
    Ann

    Well, I would take $22,222.22 a year (22 is my lucky number!). I'd invest it. . . in reality TV shows. . . I'd buy a 2nd house in Mexico and vacation there. . . I'd be okay.

    I'm cheap.

  4. #4
    The race is back! John's Avatar
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    A $2 million payoff is also over 40 years, which would be $50k before taxes. Not a bad income. Or you can take the annuity, which would amount to approximately $1.6 million, all at once, again before taxes.

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