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Jan 25, 2020
1:02
:49
pm
ToasterChive
All-American
Time value of money
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ToasterChive
Previous username
Chicarl
Bio page
ToasterChive
Joined
Sep 3, 2010
Last login
May 6, 2024
Total posts
22,068 (418 FO)
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Messages
Author
Time
Taxes almost done; getting back $200 this year...compared to $1100 last year
byuguns55
1/25/20 12:53pm
Who cares? You only got $1,100 back last year. Getting as close to zero as possible is a waste of time.
Pimpin4Paradise
1/25/20 12:56pm
Time value of money
ToasterChive
1/25/20 1:02pm
Do tell, what is the time value of that extra $900? Really it’s only $900 at year end so it averages out
Pimpin4Paradise
1/25/20 1:06pm
Yeah.
ToasterChive
1/25/20 1:07pm
Well technically the $45 is a ‘waste’ in his budget but ya
kotacoug
1/25/20 1:11pm
What does he have to give up to reduce $45 in his budget elsewhere?
Biyamiti
1/25/20 1:24pm
Talking a mere minutes for $45
ToasterChive
1/25/20 1:27pm
Except that he's not really getting a 10% return. He's probably getting a 1% return in his savings account. IOW $4.50.
Pimpin4Paradise
1/25/20 2:06pm
Well done, you're right on the mark
Avery
1/25/20 1:18pm
scratch that...have to pay $110. CD and HYS 1099-Int just arrived
byuguns55
1/25/20 5:36pm
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