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    FV v. amortization question

    @beastnate123 You got the FV right. What this means is that if you invested $359.42/mo at 8.89 interest for 72 months you would have a total of $34,279.51 at the end. Another related concept is Present Value which is basically doing FV in reverse. So calculating the amount that you'd need to...
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    I have an extra $2000 a month to put towards my debt, how should I apply it?

    @cdward I have an old Prius which is dependable (7 years of driving with no issues) and good on gas (48 MPG everywhere) and I got it for $11k. You definitely don't need to spend > $34k to get a dependable fuel-efficient car.
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    I have an extra $2000 a month to put towards my debt, how should I apply it?

    @cdward What's the deal with this $34k car loan? Sounds like a lot of car for someone who's in debt?
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