Quote:
Originally Posted by Mdmtx
Just an FYI. If you placed 1 billion in the bank and could only get 4% compounded ANNUALLY you would earn $109,589.04 in interest daily. Let that sink in. Daily. Plus whatever the person did to create the billion to begin with. To assume a billionaire wouldn't/couldn't make this kind of purchase is short sighted. Looks to me like he/she could buy 2 a week and never touch their principal, including shipping.
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Didn't say he wouldn't or couldn't. I said in my opinion it was insane. I am also aware of how compounding works and the amount that would be generated daily from a 1 billion dollar corpus at prevailing rates/yields.