ST Alpha - "sure, you can. but what interest rate do you use? isn't that what you asked?" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 156

In response to "Why can't you say: I will have $10 in my account in 5 years. For me to get $10 in 5 years, I would need $9.06 in my account at 2% interest." by James Bond (aka Igor)

sure, you can. but what interest rate do you use? isn't that what you asked?

Posted by amanda "internet" jones (aka amanda) Feb 9 '11, 17:19

sorry I'm confused. I don't know what you were asking.

Responses:

Oohhhh.. I see now. Sorry I got confused. You used the interest rate from credit cards. While I was thinking of an like a CD account. - James Bond (aka Igor) Feb 9, 17:23 3
- so like what I'm saying is "what would you get for the money if not spending it on tuition and interest? -- nm - amanda "internet" jones Feb 9, 17:24 2
  - Right. Thank you. -- nm - James Bond (aka Igor) Feb 9, 17:25
  - oops. it's a combination of the cost of your debt and your equity. I use credit card rates for me. YMMV. -- nm - amanda "internet" jones Feb 9, 17:25
just give him the bottom line! -- nm - cupixie Feb 9, 17:20 2
- he's using like a bank interest rate. he has his answer. I use different numbers because I make different assumptions and have different risk toleranc -- nm - amanda "internet" jones Feb 9, 17:22 1
  - Yes, makes sense. Thank you. -- nm - James Bond (aka Igor) Feb 9, 17:24

Post a message top

Replies are disabled on threads older than 7 days.