If i keep to the saving schedule and assume I can earn 3.25% APY on my savings account, by August 2010 i'd have... $54,149.55...
That extra $10.00 I sent to my house dp fund from Dee's e-bill.... will make it $54,234.78 by August 2010... which is $85.23 more... which means that $10.00 gets transformed into $75.23 more then it was originally worth...
ah, the joy of compounding interest... =)
**** I don't include interest in the current house DP schedule since the rate is variable and can change at any time. ****
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