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$120k sitting in a fund earning 5% a year for 30 years will be worth $518k.
by jcims 5y ago
$120k sitting in a fund earning 5% a year for 30 years will be worth $518k.
- rndgermandude 5y agoSure, and taking out loans for the $100K - $200K you need for college will also cost you more in the end, once you consider interest. The thing tho is that people who do not go to college quite often do not have $120K just laying around to invest for 30+ years. In fact a lot of people who go to college (or their parents) do not have that kind of money lying around either. And let's not forget that the people who do go to college and get that additional $500K can invest that additional $500K as well. Not as a lump sum either, of course.