@[email protected] to Fuck CarsEnglish • 2 months agoAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.netimagemessage-square234fedilinkarrow-up1659arrow-down145
arrow-up1614arrow-down1imageAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.net@[email protected] to Fuck CarsEnglish • 2 months agomessage-square234fedilink
minus-square@[email protected]linkfedilinkEnglish8•2 months agoYour math is ignoring compound interest. 40 years of monthly installments of 554 earning 8% would ultimately compound to $3.2M
minus-square@[email protected]linkfedilinkEnglish1•2 months agoYour calculation is ignoring inflation adjustment. net interest rate would be %4 at most.
Your math is ignoring compound interest. 40 years of monthly installments of 554 earning 8% would ultimately compound to $3.2M
Your calculation is ignoring inflation adjustment. net interest rate would be %4 at most.