Lets say conservatively, the person gets a $2 cup of coffee before work and works 5 days a week for 12 months. That's $480 for that year. At age 75 that coffee would have costed that person $33,078.65 at 8% interest. To put it another way, that single $2 cup of coffee costed $137.83 at age 85.
I knew Starbucks was expensive, but they sure do have good coffee.
My cousin just bought a game box for $300, he is 12 years old. By the time he is 65 at 8% interest, it will have costed him $17,724.76 and I guarentee he won't still have the game box.
2006-06-27
17:25:11
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3 answers
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asked by
Anonymous
in
Small Business