|
I could have paid cash but with interest rates so low it made more sense to keep the capital around for investments.
~$28k at 2.9% interest = $68 per month in interest (which will become less as the loan is paid off)
I have a $22k investment at about 11.5% which is $210 per month. $210 - $68 = $142 gain per month, and I didn't even have to invest the full $28k...
|