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Old 10-02-07, 02:36 PM
Riding Heaven's Highways on the grand tour
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Originally Posted by x136 View Post
Wait, so you put away $7000 of your hard-earned cash for five years, and you get back $7880 at the end? That barely even seems worth the trouble. invest $1,000 for 60 most at 4.5% and have a approximately $1250 for that investment at the end of the 60mos.
Then every 5 mos, you invest 500 in a CD at approx. 4% for the remaining months of the period.

The total value of both pools of funds will be approx. $7,880 at the end of 60 mos.

And I'd much rather have $7,880 than 7,000. Its $880 more.
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