Originally posted by TurkeyTots
reply to post by pheonix358
Inflation doesn't matter in this scenario, as it will only affect the money's worth/value, not the actual number. The problem is to double the amount,
not to double the amount it's worth.
I am sorry but the real question in this is "How do I double my money?"
Your answer (no insult intended .... at all!) is the sought of BS answer that home borrowers who don't understand maths at this level get sideswiped
by. The answer is way out side the limits of the real world. "Double the investment" means double what my money can buy ..... not double the
amount!
People wanting advice from financial advisers want real world answers not some mathematical BS.
Now you can start to understand the underlying principals of the financial crisis. It is this type of BS maths that directly led to people, ordinary
people being shafted with the biggest financial shaft in their lives!
And, yes take tax into account as well as pointed out above and while your at it add bank fees and charges and all the other amounts that scream greed
as every Tom Dick and Mary stick a finger in the pie!
P
edit on 28-4-2012 by pheonix358 because: Other good posters added
Not to mention, aren't taxes liable over the interest earned? 
