4 ms·
And assuming 10 equal payments at the end of each of the 10 years, each percentage point of average return Craigslist sees on that $1 million they earn 55,000.
by genericuser 11y ago
And assuming 10 equal payments at the end of each of the 10 years, each percentage point of average return Craigslist sees on that $1 million they earn 55,000. In addition to a getting to presumably write off some portion(all?) of the $100,000 they would be donating each year for tax purposes.
So really they get more than $2.1M value out of this.
Edit: Yes, I realize there is no reason I should assume 10 equal payments over 10 years, given the information available. It was just the closest thing to an 'average case' I could define for a situation like this.
- tempestn 11y agoActually if you read the settlement itself, it does explicitly say $100k per year for 10 years.