Dbeglor
Well-Known Member
We're crossed up. $780 is the total interest paid over 5 years on the $10k at 3% interest.I mean the 780 that you pay when financed.
If you invest the $10k instead in a risk-free asset (treasury), you'd actually only earn 1.2%/year, or about $600 over 5 years. Sure, you can speculate/invest in any other type of asset trying to earn more, but then we're talking about something else entirely that involves risk.
Sponsored