The Truth Concepts Borrowing Strategy Calculator
illustrates the principles of banking with varying interest rates strategies and money sources. Here’s a tip for that calculator:
Toggle off or on the “Future Account Value with NO Loans
” by clicking on it.
Top middle also has an ROR feature
that is OFF but can be turned on by clicking in the grey space to t… Continue Reading
How do I figure out if I can get ahead by earning 6% if I have an 8% loan?
At first glance, the answer is obvious
, you don’t get ahead. However, sometimes we get confused and think that since an account (say at 6%) has an increasing balance while a loan (say at 8%) has a decreasing balance, we might be able to get ahead. Let’s look at it to see the whole truth of the matter.
T… Continue Reading