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at 5% is basiclly doubles every 10 years

Posted on: April 30, 2012 at 00:04:25 CT
tigerinhogtown STL
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5000
10000
20000
40000
80000
160000
320000
640000
1280000 - 80 years

Edited by tigerinhogtown at 00:04:43 on 04/30/12
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there is only one "private" ssi scheme - kbit MU - 4/29 20:18:48
     at 5% is basiclly doubles every 10 years - tigerinhogtown STL - 4/30 00:04:25
          At 5% it actually doubles every 14.2 years - SparkyStalcup MU - 4/30 08:10:18
          Use the rule of 72. Take the interest rate, - GA Tiger MU - 4/30 06:49:47
     Those are two pretty big assumptions. - Alferd Packer MU - 4/29 20:49:29
     To comment on only the math, it is basically correct. Which - GA Tiger MU - 4/29 20:36:12
          fred mentioned compound interest as the key to the concept - kbit MU - 4/29 21:52:47
               Compounding interest is the trick. - ArnoldBabar MU - 4/29 22:09:26
                    He said bond markets..... - SparkyStalcup MU - 4/30 08:13:46
                    over the course of 65 years? - SoCalTigr UM - 4/29 23:06:42
                         Tell me what 1% over 65 years is, Einstein. - ArnoldBabar MU - 4/29 23:16:00
                              Just doing it in my head, I say it'd be worth at least $9200 - GA Tiger MU - 4/30 06:52:56
                              tell me what it would've been over the last 65 years. - SoCalTigr UM - 4/29 23:21:04
                                   LOL. - ArnoldBabar MU - 4/29 23:30:09
                                        why? - SoCalTigr UM - 4/29 23:32:25
     I posted something like that the other day. - SoCalTigr UM - 4/29 20:32:44
          Because it makes no sense. Otherwise, you're smart. (nm) - ArnoldBabar MU - 4/29 20:56:09
               why wouldn't it make sense? - SoCalTigr UM - 4/29 21:24:35




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