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Old 10-23-2018, 03:24 PM   #18
Chuck Dempsey
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Join Date: May 2010
Location: Waynesville, NC
Posts: 348
Default Re: Here is a bargain! LOL

I found a simple interest calculator online, and plugged in the $1756 he originally paid. At 11.81 percent interest over 54 years, compounded monthly, the total amount grew to $1,001,506.62. I remember getting 7 or 8 percent on a savings account in the early 80's, but I'd hate to see the inflation we would have to account for an 11 percent rate.....
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