Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Zakeet

I ran the numbers to find the interest rate on $25K over 58 years to get to $1M.

It’s an interest rate of 6.56675% per year. Not that tough to get today.


5 posted on 12/25/2009 6:30:07 AM PST by HighWheeler
[ Post Reply | Private Reply | To 1 | View Replies ]


To: HighWheeler
It’s an interest rate of 6.56675% per year. Not that tough to get today.
And where would that be? CD rates top out around 3% and that's for five years.
14 posted on 12/25/2009 6:42:08 AM PST by oh8eleven (RVN '67-'68)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: HighWheeler

Don’t forget to subtract annual average inflation of maybe 3% over that time, so your real return is ~3.5%


45 posted on 12/25/2009 7:38:19 AM PST by ProtectOurFreedom
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson