Life Calculation
Age
Event
Item
Principle Borrowed
Interest Rate
Length of Term
Total Annual Interest PAID by Daniel
Total gained by Dave INVESTING Annual Interest Paid by Daniel
YOUNG DAVES Investment Income
17
Car
Used car
$1,800.00
26%
3
$156.00
18
0
$156.00
19
Starts college
Student loan
$13,000.00
6.8%
0
$156.00
20
0
0
21
First new car
New car
$22,000.00
9%
5
$1,080.16
22
Gets a full time job
0
$1,080.16
23
Pay loan
Student loan
$52,000.00
6.8%
25
$3,331.12
24
Condo
Condo
$200,000.00
5.89%
30
$3,331.12
25
Payment to bank
Credit card
$5,000.00
15%
6
$3,769.95
26
Gets a promotion
0
$2,689.79
27
Gets married
0
$2,689.79
28
Sells condo
Sells condo
$215,000.00
0
$2,689.79
29
Buys house
House
$400,000.00
5.45%
30
$2,689.79
30
Charges to furnished homes payment
Credit card
$15,000.00
9%
0
$2,689.79
31
Car
New car
$34,000.00
6%
6
$4,051.08
32
0
$4,051.08
33
0
$4,051.08
34
0
$4,051.08
35
0
$3,346.08
36
Car
New car
$39,000.00
6%
6
$4,602.16
37
0
$3,507.04
38
Buys a ski boat
Ski boat
$24,000.00
6%
6
$4,280.04
39
0
$4,280.04
40
0
$4,280.04
41
0
$4,280.04
42
0
$3,023.96
43
Remodel the basement
Credit card
$24,000.00
6.9%
9
$3,957.29
44
0
$3,184.29
45
0
$3,184.29
46
Car
New car
$47,000.00
5%
6
$4,434.11
47
0
$4,434.11
48
0
$2,183.15
49
0
$2,183.15
50
0
$2,183.15
51
0
$2,183.15
52
0
0
53
0
0
54
Wedding expense
Daughters wedding
$30,000.00
6.9%
5
$1,101.00
55
0
$1,101.00
56
0
$1,101.00
57
Car
New car
$34,000.00
6%
6
$2,196.12
58
0
$2,196.12
59
0
$1,095.12
60
0
$1,095.12
61
0
$1,095.12
62
0
$1,095.12
63
0
0
64
0
0
65
0
0
66
0
0
67
Car
Final new car
$39,000.00
6%
6
$1,256.08
68
0
$1,256.08
69
0
$1,256.08
70
0
$1,256.08
71
0
$1,256.08
72
0
$1,256.08
73
0
0
74
0
0
75
0
0
Total Interest Paid by Roger Throughout His Lifetime
$122,557.07
Total Interest Earned By David Through Investing Roger's Interest
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