3 ms·
The 2% compounds over time. There is a far greater opportunity cost to losing 2% of earnings in year 1, as that amount reinvested at 7% over a 20 or 30-year per
by jimbobob 13y ago
The 2% compounds over time. There is a far greater opportunity cost to losing 2% of earnings in year 1, as that amount reinvested at 7% over a 20 or 30-year period is quite significant.