Donald Trump reportedly used a bail bondsman after being arrested at Fulton County Jail in Atlanta, Georgia, on Thursday, paying $20,000 of his bond set at $200,000 and taking out a loan for the rest of it. The fact that the former president resorted to such a measure has sparked questions on social media about the state of his finances.
$7k a month in a bank? What bank is paying 3.8% monthly? That’s something like 44% annually. Are you maybe applying some annual interest rate monthly? If he was getting 5% annual growth on $180k, bed be getting something like $750 a month, or $9k a year. He’d have to put his court date off for 2.2 years to make that pay off.