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re: Best investment vehicle for minor children
Posted on 3/9/10 at 3:46 pm to TheHiddenFlask
Posted on 3/9/10 at 3:46 pm to TheHiddenFlask
quote:
You weren't very good at school were you?
I couldn't find a reverse annuity calculator online, and no way can I do it long-hand. So I went 18 x $5,000 = $90k. Add interest to that, and you get "over $100k by the time they graduate HS."
ETA: Saved from edit:
quote:
quote: That's over $100k by the time they graduate HS. You weren't very good at school were you?
This post was edited on 3/9/10 at 3:48 pm
1
Posted on 3/9/10 at 3:54 pm to Parliament
quote:
I couldn't find a reverse annuity calculator online, and no way can I do it long-hand. So I went 18 x $5,000 = $90k. Add interest to that, and you get "over $100k by the time they graduate HS."
It's all in the eye of the beholder.
You're right with interest, it's over 100k, but the burn was too good to pass on.
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