tag:blogger.com,1999:blog-2970975545475697571.post4940428593830248351..comments2024-03-29T11:53:02.899-04:00Comments on Eaton Rapids Joe: Dad WisdomEaton Rapids Joehttp://www.blogger.com/profile/09102166969915526172noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2970975545475697571.post-68435489264604569142020-09-04T08:48:30.026-04:002020-09-04T08:48:30.026-04:00Rule of 72...
so... inflation at 4% means that in ...Rule of 72...<br />so... inflation at 4% means that in 18 years, your money is worth half?markshere2https://www.blogger.com/profile/16168054097485759501noreply@blogger.comtag:blogger.com,1999:blog-2970975545475697571.post-3150436362179669012020-09-04T07:54:25.145-04:002020-09-04T07:54:25.145-04:00Go to it rightly, full steam ahead.Go to it rightly, full steam ahead.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-2970975545475697571.post-79883106775416684072020-09-03T23:41:47.733-04:002020-09-03T23:41:47.733-04:00There is a cousin to the rule of 72's. It is ...There is a cousin to the rule of 72's. It is referred to as the rule of 74's or 76's when in the context of calculating return interest if you pay your loan off early it means it is and add-on contract whereby the assumption is that you will owe the original amount throughout the loan. They calculate the interest with that assumption and then add it to the loan amount, divide by the number of payments and there is your monthly payment amount. You just have to know that a 4% add-on contract is the same as an 8% simple interest contract. A simple interest contract is interest calculated on what the balance is that month which of course declines over the life of the loan.Rick Viallhttps://www.blogger.com/profile/02124706179531849619noreply@blogger.comtag:blogger.com,1999:blog-2970975545475697571.post-45613930303284150662020-09-03T21:22:21.676-04:002020-09-03T21:22:21.676-04:00The market is literally flooded with used cars. I...The market is literally flooded with used cars. I would advise your son not to pay more than market value in this buyers market for any car. Indifference would be exactly the emotion to employ in his search for another vehicle. Even if he 'loses' this supposed deal on this car, there will be another one just as good tomorrow, and the next day, and so on. <br /><br />He should also employ logic. If a dealer REALLY had six other buyers clamoring to buy the car, it would already be gone. George Truehttps://www.blogger.com/profile/17352709031834067303noreply@blogger.com