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Old 04-26-2006, 09:50 AM
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chrish chrish is offline
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Join Date: Feb 2006
Location: DPR Kalifornia
Posts: 3,632
At 9% interest compounded monthly with no principal or interest payments being made for 120 months, at the end of the term you'd owe:

$7,354,071.23

BTW - to buy $3,000,000 in EE bonds, I'm pretty sure it would only cost you $1,500,000. When mature (10 years) they're worth $3,000,000. So running the numbers for that loan would mean you'd owe:

$3,677,035.62


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