September 23, 2008
Bailout : How much does that cost again?
Posted by seed @ 9:23 AM
Just because I like to kick stuff around:
$700,000,000,000.00 @ 5.5% for 30 years*...
Country's Monthly Payment = $3,974,523,009
Individual Monthly Payment (est. population 300,000,000) = $13.25
Estimated Interest Paid = $719,252,117,372
Just think of it as a cable bill for the next thirty years, only the entertainment value is not as good. Not too bad, right? Unless you have three kids and a wife that stays at home.
*Amortization Table: This table has trouble displaying the extra zero needed for the large number. The calculations are correct, as far as I can tell.
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