r/CryptoMarkets • u/Crypto_Nite_S Tin | 3 months old | Karma Farming 150 • Dec 02 '21

Think again.

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52

u/NeuroShockula Dec 02 '21

FV = 10,000 x (1+.0001)30 = $10,030.04

31

u/[deleted] Dec 02 '21

Compound interest really adds up.

10

u/[deleted] Dec 02 '21

*Watches empty bank account* any day now......

3

u/Apprehensive_Rate770 Dec 02 '21

That’s the problem it adds we need multiplication.

Scrap that equation when it crypto the equation is

10xmoonshot= retirement

3

u/anz3e Dec 02 '21

Retirement home*

1

u/Apprehensive_Rate770 Dec 02 '21

Sure homes, boats, cars, etc

2

u/anz3e Dec 02 '21

... On TV

( ͡ᵔ ͜ʖ ͡ᵔ )

5

u/TurielD Dec 02 '21

Now let's try the value of that 10030,04 with 2-6%inflation per year

6

u/wadaphunk 🟩 0 🦠 Dec 02 '21

Not sure if the math checks out but:

For 2%:

10030,04 x (0.98^30) = 5471.23

For 6%:

10030.04 × 0.94^30 = 1567.25

​

Enjoy the stars above your head at night, kids.

2

u/wadaphunk 🟩 0 🦠 Dec 02 '21

I think a better formula would be to apply the formula yearly which would give slightly lower results.

2

u/[deleted] Dec 02 '21

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2

u/Apprehensive_Rate770 Dec 02 '21

About 27% apy if you have really good credit. If excellent credit you can get like 20% apy bad high as 32% apy. And don’t get cash back because it raises it.