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Author: TTRoberts Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75696  
Subject: Re: insurance buyout Date: 12/10/2000 2:35 AM
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JLC, you wrote:

<< I get slightly different numbers using Quicken's Savings Planner.

$410/month, 16 years(192 months), 6% gives $69490.
$410/month, 16 years, 10% gives $101,811.

$31,435 lump sum, 16 years, 6% gives $43,232.
$31,453 lump sum, 16 years, 10% gives $81,643.

Possibly the difference is your interest my be compounded monthly where as I did it annually.
>>

Nope . . . that's not it. ;-) Those number are certainly NOT correct . . . . unless there's a tax factor that is being applied some how???? I strongly suspect that Quicken is somehow automatically figuring in a tax factor. That would easily account for such a large difference.


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