- 22,138
- 24,064
- Joined
- Feb 23, 2010
can anyone with financial sense explain Bonilla's payouts to me?
-he was owed 5.9 million in 2000
-payment was deferred to 2011
-total payment ended up totaling 29.8 mil
-payments are 1.2 mil every year for 25 years
-interest on each payment is 8%
How did they end up with 29.8 mil? 5.9 mil compounded over 11 years 2000-2011 with 8% interest is 13.8 mil
-he was owed 5.9 million in 2000
-payment was deferred to 2011
-total payment ended up totaling 29.8 mil
-payments are 1.2 mil every year for 25 years
-interest on each payment is 8%
How did they end up with 29.8 mil? 5.9 mil compounded over 11 years 2000-2011 with 8% interest is 13.8 mil