Quote:
Originally Posted by The Boss
$2,000 compounded at an annual rate of 8% over 38 years would be a little over $41,000 - but not nearly as much fun as putting 19,000 miles on a classic piece of Americana!  |
When indexing 1975 $$ for inflation to adjust to 2013 $$, the price would be $8,847 - still a screaming deal. The compounding Chris speaks about, while true, is unrealistic in returns.