TNT, Frank26, and X22 Sunday Night 8-25-19
TNT:
LounDebnc: So what can 10% annual interest compounded really do?
Very Interesting - don't you think?
So I was looking at just what 10% interests really means. Check this out
Start with just $2 million dollar investment growing at 10% annually drawing $15k a month or $180,000 a year.
Over 30 years you could take out $5.4 million and still have $3.7 million in the bank!
Want to really blow your mind?
Now with $4 million dollar investment growing at 10% annually drawing $45k a month or $540,000 a year.
Over 30 years you could take $16.2 million and still have over $23 million in the bank!
lets go one more time…
So a $10 million dollar investment growing at 10% annually drawing $75k a month or $900,000 a year.
Over 30 years you could take $27 million and still have over $18 million in the bank!
Come on RV! Lou
I just went to https://www.thecalculatorsite.com I knew about the power of compound interest but was interested in how the numbers played out. Of course this does not take a lot of things into account...Taxes for instances...Just a fun exercise thou...Happy Saturday
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KTFA:
Frank26: THE BROADCAST WILL BE REPEATED
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