Buying
a new car for say $25,000 is fine and dandy when you bring it home. The
neighbors are impressed and they look at you with jealousy and envy of your new
toy. However, if you buy a car for $15,000 you save $10,000. First, a person
may be more apt to pay cash for a car that is just $15,000 saving interest cost
on a loan. Also, if you are person who can pay cash for the $25,000 then the
$10,000 can add up over time. If you take that $10,000 and invest it in an
index fund that earns 8% per annum for the next 30 years that $10,000 becomes
$100,626.57 (see calculations below).
$10,000 x (1.08^30) = $10,000 x 10.0627 = $100,626.57
$10,000 x (1.08^30) = $10,000 x 10.0627 = $100,626.57
5 comments:
Nice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration, both of which I need, Very good points you wrote here..Great stuff...I think you've made some truly interesting points.Keep up the good work.
cash for cars hobart
car removal hobart
Wonderful blog post. This is absolute magic from you! I have never seen a more wonderful post than this one. You've really made my day today with this. I hope you keep this up!
cash for cars caboolture
cash for scrap cars caboolture
I have read your excellent post. This is a great job. I have enjoyed reading your post first time. I want to say thanks for this post. Thank you.
cash for cars brisbane
cash for cars removal brisbane
Truly, this article is really one of the very best in the history of articles. I am a antique ’Article’ collector and I sometimes read some new articles if I find them interesting. And I found this one pretty fascinating and it should go into my collection. Very good work
Cash for Cars Wollongong
After reading your article I was amazed. I know that you explain it very well. And I hope that other readers will also experience how I feel after reading your article.
Cash for Cars Shepparton
Cash for Scrap Cars Shepparton
Post a Comment