To: PAR35
How much interest will $14.4 million accumulate at current rates?
2 posted on
04/15/2006 12:02:37 AM PDT by
philetus
(Keep doing what you always do and you'll keep getting what you always get.)
To: philetus
How much interest will $14.4 million accumulate at current rates? Compounding interest on $14.4 million over 7 years at 7 percent will earn $8.7 million. At least that's what I gathered after using this compound interest calculator.
To: philetus
How much interest will $14.4 million accumulate at current rates?Not very much at current interest rates - probably not enought to cover allocated costs - but they have responded that the interest will be put back into the designatated fund.
7 posted on
04/15/2006 9:54:29 AM PDT by
PAR35
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