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Agreed. Further, how much would that $20 purchase net you over an invested lifetime, at whatever reasonable rate of return you care to estimate with? Further,
by read_wharf 15y ago
Agreed.
Further, how much would that $20 purchase net you over an invested lifetime, at whatever reasonable rate of return you care to estimate with?
Further, if you buy it with a credit card that you never pay off (so common), how much more are you really paying with essentially a lifetime of credit card interest? And how much would that net you over an invested lifetime?
- bunderbunder 15y agohow much would that $20 purchase net you over an invested lifetime $27 (Assumptions: You save it at age 20, it grows at 5%, and you spend it when you're 80.)
- sparky 15y ago$373.58? $27 assumes a 0.5% return.
- bunderbunder 15y agoUgh, you're right. That was embarrassing.
- tomjen3 15y agoWhere do you get a five percent return on investment?