Dec 29 2009, 10:29 AM
QUOTE(jasonhanjk @ Dec 28 2009, 06:38 PM)
If you take a loan of RM100k and decide to pay your loan with RM1000 every month. At the end of 5 years, you'll save RM2735.75 interest.
If you decide to invest the extra money at 1% per month. RM1k - normal loan payment.
You won't save the interest but you'll gain a profit of RM12,300.86 at the end of 5 years.
So tell me which one is smarter?
tat's not a fair comparison, you r comparing a rate of 3.45%pa with 12%pa.If you decide to invest the extra money at 1% per month. RM1k - normal loan payment.
You won't save the interest but you'll gain a profit of RM12,300.86 at the end of 5 years.
So tell me which one is smarter?
can u guarantee a risk-free investment with a 1% return per month?
This post has been edited by trojant: Dec 29 2009, 10:32 AM
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