Re:One Day After Indictment, Former Chesapeake Energy CEO Di...
by bozo1979 on Thursday March 03, 2016 @12:24AM
(#11215193)
I've read the book and get your general point. However, having a hard time believing your math. Are you assuming 8% compounded annually? I have no idea how to do that.
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Re:One Day After Indictment, Former Chesapeake Energy CEO Di...
by superuser2 on Thursday March 03, 2016 @01:32AM
(#11215370)
Bankrate [0] defaults to 7%, but yes, basically. Compound interest is magical.
Vanguard's Total Stock Market index fund [1] has seen an average annual return of 8.87% since inception in 1992.
[0] http://www.bankrate.com/calculators/retirement/retirement-pl...
[1] https://personal.vanguard.com/us/funds/snapshot?FundId=0085&...