matpro

joined 1 year ago
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As a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone ๐Ÿ™ƒ in c/fuckcars@lemmy.world
[โ€“] matpro@lemm.ee 8 points 18 hours ago (1 children)

Your math is ignoring compound interest. 40 years of monthly installments of 554 earning 8% would ultimately compound to $3.2M