Adinnieken said:
Yes, regardless of whether or not you're committed to 2 years of Xbox LIVE or not, at the end of 12 months you've still only paid $278.88. The math isn't that hard, a third grader can do it. I even included the spread sheet output at the end of my post. You're still committed to the 2 years, but it takes another 10 months before buying it outright costs less. In the mean time, in those previous 21 months, the $245.99 difference paid on day one can be used to work for you. Either to pay other bills, or earn interest. |
You seem like the perfect target audience for my new financial product, "Cheeseburgers-for-all": Instead of paying the whole price of 1 dollar upfront, you'll pay for it via a 24 month payment plan: In the first 23 months you pay nothing at all, but in the last month you pay 100 dollars.
Regardless of whether or not you like cheeseburgers or not, at the end of 12 months you've still paid nothing. The math isn't that hard, a third grader can do it. I will include the spread sheet output at the end of a later post.
At the end of one year you'll have $1 in the bank over buying it outright.
You're still committed to the 2 years, but it takes another 11 months before buying it outright costs less. In the mean time, in those previous 23 months, the $1 difference paid on day one can be used to work for you. Either to pay other bills, or earn interest.
