Quote:
Originally Posted by bowlingal
bond payment of $1000/per year, for how many years? 30? then your bond is $30,000 at what 7%? Not so good
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Not quite the way math works. In my opinion, a 30 year loan at 7% interest and a $1000 yearly payment would have an original bond somewhere near $12000 to $13000. MY math may be faulty but remember that the Interest is included in that $1000 yearly payment.