minus-squarematpro@lemm.eetoFuck Cars@lemmy.world•As a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃linkfedilinkEnglisharrow-up9arrow-down1·2 months agoYour math is ignoring compound interest. 40 years of monthly installments of 554 earning 8% would ultimately compound to $3.2M linkfedilink
Your math is ignoring compound interest. 40 years of monthly installments of 554 earning 8% would ultimately compound to $3.2M