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Started By
Message
1 Million Dollars over 10 years, or 500K lump sum.
Posted on 7/13/15 at 11:44 pm
Posted on 7/13/15 at 11:44 pm
Which do you choose?
10
Posted on 7/13/15 at 11:45 pm to sabes que
We've. Been. Over. This.
Posted on 7/13/15 at 11:45 pm to sabes que
100k a year easily.
Posted on 7/13/15 at 11:46 pm to sabes que
I would drive 120 mph to save gas going to pick up the lump sum check.
Posted on 7/13/15 at 11:46 pm to The Boat
Exactly.
Posted on 7/13/15 at 11:51 pm to sabes que
If you invest $500,000 with a yield of 6% compounded bi-annually for 10 years you get 903,055.62.
If you invest $100,000 every year for 10 years at 6% compounded bi-annually you get 1,564,435.41.
If you invest $100,000 every year for 10 years at 6% compounded bi-annually you get 1,564,435.41.
Posted on 7/13/15 at 11:52 pm to KosmoCramer
BOOm!!!!!
Posted on 7/13/15 at 11:53 pm to sabes que
500k
Posted on 7/13/15 at 11:55 pm to KosmoCramer
But what if you're lump sum investment vehicle gets better gas mileage at higher speeds?
Nod to theboat
Nod to theboat
Posted on 7/13/15 at 11:55 pm to KosmoCramer
quote:
If you invest $100,000 every year for 10 years at 6% compounded bi-annually you get 1,564,435.41.
Hmmm... I don't think that math is correct.
Posted on 7/13/15 at 11:57 pm to sabes que
1 million over 10 years easily.
Posted on 7/13/15 at 11:59 pm to Plankton
quote:
Hmmm... I don't think that math is correct.
How so?
Posted on 7/13/15 at 11:59 pm to sabes que
Do I get to keep my Confederate Flag?
Posted on 7/14/15 at 12:01 am to Kafka
quote:
Do I get to keep my Confederate Flag?
"If you like your flag, you can keep it."
Posted on 7/14/15 at 12:05 am to KosmoCramer
quote:
If you invest $100,000 every year for 10 years at 6% compounded bi-annually you get 1,564,435.41.
So you're putting 100k in an account each year (lets say the end) and each payment accumulates until the end of the 10 years.
Since the yield is bi-annual and payments are annual, the rate per yearly deposit is 6.09%
Using a financial calculator,
Payment = -100,000
n = 10
i = 6.09%
Future Value = 1,323,663.77
Posted on 7/14/15 at 1:37 am to sabes que
500k easily
Posted on 7/14/15 at 1:41 am to sabes que
I normally would take the lump sum in the type of scenario. However, we are talking about double the money and a difference of 500K. How low would the lump sum have to be for you guys to take the mil over 10 years?
Posted on 7/14/15 at 1:44 am to sabes que
I wouldn't invest conservatively, I would use it to throw into a business, so having access to the additional capital in advance would always be my choice.
Posted on 7/14/15 at 1:47 am to lsu480
quote:
I wouldn't invest conservatively, I would use it to throw into a business, so having access to the additional capital in advance would always be my choice.
There is no way it would ALWAYS be your choice. What if it was 170k lump sum?
Posted on 7/14/15 at 1:53 am to sabes que
quote:
There is no way it would ALWAYS be your choice. What if it was 170k lump sum?
170k once vs 100k a year for 10 years or course I would take the latter. I was saying if the situation in the OP presented itself I personally would always take the 500k up front because I know I know in a few years, less than 5, I could build a business that I could sell for more than the 100k for 10 years plus the interest would amount to.
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