DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing cover image

Where to Put Additional Savings?

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

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What Is the Interest Rate?

If you put a thousand dollars into something to day, and it's two thousand dollars at the end of 20 years, utilizing an investment, or a present value calculated, you can calculate what the implied interest rate is on that. And so if you do that, if you throw that into investment calculator, looking at roughly three point five, i think it's three point five,. Whatever rate a sort will round it wi'll just say three point five % roughly gets you double and roughly 20 years. Now, obviously that's better than savings. Right now, it's not as good as the yebonds right rightater returning like nine point six % for this current as is, six mines

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