Spelling....is it relevant any more ?
9 years ago
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Is tourque more relevent than CC's ???
Comments (7)I think the 8.75 is a torque measurement while 6.5 and 6.75 is hp.. The c.c number is simply the cylinder displacement and is only in a very rough sense correlated with the power of the engine. To be perfectly honest you should ignore the engine specs when choosing a mower. Engine specs will tell you very little about how well the mower will do it's job of turning long blades of grass into short ones. You can fall into the trap of seeing a honda engined mower with big numbers at Wal Mart or Target for an unbelievable price. The mower will be mediocre at best. Far more important are features like deck design, well construction, proper controls, etc. In my experience if you focus on mowers from the big makers (Toro, Honda, Snapper, etc) you can safely assume the engine and components are correctly designed and matched to the machine. Just focus on a mower within your budget that has the controls that fit you the best....See MoreBlog ettiquette ? - it's relevant - I promise
Comments (30)I would try again and maybe this time ask "jokingly" if she's getting cold feet and changed her mind...I understand when you see something you really want and it keeps nagging at you. I went as far as...many months after deciding against going to look at a sofa table that I was very interested in listed on CL, emailing the seller back asking if they still had it...Guess where it is now? Yep, in my DR area :-) But agree with the others, you could easily find something on CL or a thrift shop to repaint your self similar to what she has....See MoreLanguage Change Index
Comments (80)I must agree with both Donna and Rosefolly. I am not much of a church-goer but think applause is only appropriate if the church building is being used as a concert/play venue. I'm still not quite at home with the now quite common habit of serving 'refreshments' after a service. I know that many medieval churches over here have no separate facilities for such things (some don't even have a cold water tap let along a church hall for meetings etc) but crumbs in the nave or Coke spilt in the choir-stalls doesn't seem 'quite the thing'. Donna, does the congregation clap after a particularly rousing sermon? I seem to remember seeing on TV that in some US places of worship it is not uncommon to hear "Alleluia" or 'Praise the Lord" during an address from the pulpit. I guess I'm showing both my age and my stiff-upper-lip Englishness . . . and am probably too old to change!...See MorePut more down for lower IR?
Comments (30)OP-What is the purchase price or actual loan amounts? bry911- I'm not getting your math either. Also, OP stated that s/he has $ in mutual funds AND retirement account. You are right that you only get taxed on dividends....but you will eventually get taxed on earnings when you move from one mutual fund to another in non-retirement accounts. "So let's revisit the situation after 10 years, a reasonable amount of time to look at investments. At that point the difference in payments would be $4,655.10 meanwhile our mutual fund has increased $5,600." You are negating the fact that the $80/month could be reinvested, thereby earning interest. OR the $80 could be applied to the mortgage anyway, decreasing the balance in a compounding way. A 15 year $423,500 mortgage at 3.625% interest has total interest paid of $126,146 A 15 year $412,500 mortgage at 3.49% interest has total interest paid of $117,935 That is $8,211 less interest over the 15 years. When you sell your mutual fund at 10 years, the $5,600 is going to be taxed. Also, we can still account for the extra $80 payment. If we invest the $80 at the OP 4.2% (I used annual compounding) over 15 years, we have an end balance of $20,100.20. So (Assuming a purchase price of $550,000) Putting 25% down saves $8,211 in interest. Putting the $80 (monthly payment savings) into the OPs mutual fund earns $20,100.20 over the 15 years. Subtract about $9,500 in loss interest over 15 years on the initial $11,000. That is a TOTAL savings of $28,311.20 less $9,500 for $18,811.20 SAVINGS FROM THE EXTRA $11,000 Downpayment. The other option is to put 25% down (still assuming $550,000 purchase...sorry if I missed price somewhere!), and take the $80 payment difference and add that to the loan payment. This will save interest AND pay off the loan before the 15 years (by about 6 months). The interest savings on adding the $80 to the loan payment versus putting the $80 in the mutual fund is $4,345.74. Additionally, the loan will be paid off in about 14.6 years. The payment savings at the end comes up to $13,839.05. So adding the $80 to the mortgage versus putting it into a mutual fund nets $18,184.79 savings over 15 years. Less the $9,500 earnings from the $11,000 staying in the mutual fund....you net $8,684.79 on this option over just doing the 23% downpayment and leaving the $11,000 in a mutual fund savings. OP-These numbers are based on my purchase price calculation from $11,000 being 2% of the purchase price. I cannot find anywhere where you posted the actual purchase price. Given that you will still have money in mutual funds and retirement savings, Your best financial decision is to put the the 25% down. Take the $80 payment difference and put in your mutual fund. You will be almost $19,000 ahead in 15 years! I do agree that 4.2% is a LOW return for a 29 year old. If you have a job that covers your expenses, keep 6 months expenses in cash or a low risk mutual fund. Then, shoot for a 10% return on the rest of your savings. The funds will go up and down more dramatically, but historically you will be further ahead....See More- 9 years ago
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