3 ms·
How do the numbers add up? He was owed 6m in 1999, deferred at 8% by about a decade. That gets you about double the money. How does it go for another decade fr
by lordnacho 3y ago
How do the numbers add up? He was owed 6m in 1999, deferred at 8% by about a decade. That gets you about double the money.
How does it go for another decade from now?
- sokoloff 3y agoInterest continues to accrue while the partial payments are made. If the Mets took out a $12M mortgage in 2009, paying only $1.2M/yr, it wouldn’t be paid off in 10 years.
- abirch 3y agoIt was 8% for over a decade growing (doubling like you said), then they paid off ~1.2 a year off in principal and interest (not lump sum) over the following 24 years.