How much is your money worth now? How much will it be worth in 5yrs, 10yrs, 15yrs, 20yrs, 25yrs or 30yrs?
If P20,000 today can buy 500 kilos of rice, how many kilos of rice can P20,000 buy after 5yrs, 10yrs, 15yrs, 20yrs, 25yrs or 30yrs?
If we factor in devaluation and inflation, does amortization reflect the devaluation of your money and inflation of goods you buy?
If we peg devaluation and inflation of P2,000,000.00 at an average of 4% per year and compare it against amortizing P2,000,000.00 at 10.5% over 5yrs, 10yrs, 15yrs, 20yrs, 25yrs and 30yrs we get the following:
It seems to me borrowing money at an interest for a business, investment or property that appreciates in value is worth taking.
Check with your bank and your Pag-ibig Fund now for the best lending rates available.
Check out other investment avenues at Philippine Financial Advisory.
No comments:
Post a Comment