ST Alpha - "So if I got a $5.9 million loan at 1.05%, hid it under my bed for 30 years and then paid it back, I would have *made* money? -- nm" (Reading a Post)

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So if I got a $5.9 million loan at 1.05%, hid it under my bed for 30 years and then paid it back, I would have made money? -- nm

Posted by Mop (199 lbs) (aka rburriel) Jul 16 '12, 11:33

(No message)

Responses:

This is a good example of smart people getting too tricksy with money. The theoretical and the actual are not the same. - David Jul 16, 11:43
yes. - znufrii Jul 16, 11:35 3
- no. - Andie Jul 16, 12:06 2
  - but he would be able to sell the bed and just sleep on the money. -- nm - znufrii Jul 16, 12:06 1
    - Step 3: Profit! -- nm - znufrii Jul 16, 12:06
Oh, under the bed. No. If you put it somewhere to earn the rate of inflation, yes. -- nm - spamlet Jul 16, 11:35 1
- are you guaranteed to earn that, ever? -- nm - zork Jul 16, 11:55
Yes, as long as inflation is greater than 1.05%. - spamlet Jul 16, 11:34 5
- No one look under my bed. -- nm - Mop (199 lbs) Jul 16, 11:35 2
  - I am sure there is more action under it, than on it. nm -- nm - groiny Jul 16, 11:35 1
    - So am I. -- nm - Mop (199 lbs) Jul 16, 11:44
- I don't think his mattress pays interest. -- nm - Max Jul 16, 11:34 1
  - Mine does. - spamlet Jul 16, 11:35

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