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Old 11-05-2007, 12:58 PM
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Quote:
Originally Posted by 12097 View Post
I know it was a long time ago that I studied compound interest rates,but there appears to be something odd with your numbers.

If you earned the money yourself, (no inheritance) a person who nets 3K per month ($36,000.00 per year before living expenses), who has probably worked full time for 10 or less years, who has a house( lets assume $250K) fully paid for and approximately $450,000.00 cash at their disposal has achieved a financial miracle.

At best, $36K net before living expenses would leave you with $20-25K per year to invest. Based on ten years of savings and an INCREDIBLE compounded rate of return on your investments (averaging 10% AFTER taxes) it is not mathematically possible to have both the physical and financial assets you described.

Perhaps you incorrectly listed your income level or asset base.
Sorry.

HA! HA! Manny got busted...You guys are waaaay tooooo nice. Questions like this one usually come from young kids looking to say "anything"

Good job 12097
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