.. per year. Or $1.16/mo or under .04%. Although that's not literally nothing, it's awfully close. Oh, and that's before income tax.
> If you assumed you could get 9% in the stock market, the time value would be $68.
Although that assumption may be a bit of a stretch, something a typical consumer might be far more likely to encounter (and need not apply income tax adjustments to) is consumer loan payments.
A 20% revolving balance paid 15 days early results in $12.50 monthly, which can pay for a streaming subscription.
.. per year. Or $1.16/mo or under .04%. Although that's not literally nothing, it's awfully close. Oh, and that's before income tax.
> If you assumed you could get 9% in the stock market, the time value would be $68.
Although that assumption may be a bit of a stretch, something a typical consumer might be far more likely to encounter (and need not apply income tax adjustments to) is consumer loan payments.
A 20% revolving balance paid 15 days early results in $12.50 monthly, which can pay for a streaming subscription.