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re: 401k loan to fund a potentially profitable investment
Posted on 6/11/13 at 10:23 am to TheWiz
Posted on 6/11/13 at 10:23 am to TheWiz
I can make it simple for you.
If your expected average annual return is greater than your interest rate on the loan, then you generally have a project with an expected profit.
Now I know nothing about the project, equipment, or risk with the project, so take this with a grain of salt.
If your expected average annual return is greater than your interest rate on the loan, then you generally have a project with an expected profit.
Now I know nothing about the project, equipment, or risk with the project, so take this with a grain of salt.
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