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Words: | Submitted: Fri Jan 28 2005
... of the founders' gambling roots is set out. 6. Syndicate Winners' Financial Strategy The syndicate plans to delay any significant distributions of the lotto winnings. A plan has been established to distribute specified amounts over the next 50 years. Details of these plans are outlined in this section of the report. The syndicate needs to achieve an annual rate of return of 6% or better to facilitate its objectives. 7. Other Issues and Considerations 10 In this final section of the report, issues that could impact the analysis that have not been fully considered are summarized. Scope of Report Four University of Phoenix students formed a syndicate to play the Texas State lottery. Through a combination of unique statistical analysis and daring Internet hacking of the State lottery database, the team has recently learned it has won the jackpot of $10 million. This report sets out the team's strategy in collecting, initial philanthropic goals, and medium ...
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