ByteOnBikes@slrpnk.net to Fuck Cars@lemmy.worldEnglish · 1 day agoAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.netimagemessage-square224fedilinkarrow-up1636arrow-down144
arrow-up1592arrow-down1imageAs a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃slrpnk.netByteOnBikes@slrpnk.net to Fuck Cars@lemmy.worldEnglish · 1 day agomessage-square224fedilink
minus-squarematpro@lemm.eelinkfedilinkEnglisharrow-up9arrow-down1·8 hours agoYour math is ignoring compound interest. 40 years of monthly installments of 554 earning 8% would ultimately compound to $3.2M
minus-squareArcherwell@feddit.orglinkfedilinkEnglisharrow-up0·7 hours agoYour calculation is ignoring inflation adjustment. net interest rate would be %4 at most.
Your math is ignoring compound interest. 40 years of monthly installments of 554 earning 8% would ultimately compound to $3.2M
Your calculation is ignoring inflation adjustment. net interest rate would be %4 at most.