Imagine you taking a RM 500k home mortgage at 4.5% interest rate per annum for 35 years. <\/p>\n\n\n\n
How much interest would you be paying throughout the loan tenure of 35 years? <\/p>\n\n\n\n
The answer is RM 494k. <\/p>\n\n\n\n
Now, if you feel that home ownership is expensive, real estate is not worth investing in, or banks exist to enrich themselves with hefty interests because of the above, think again. This viewpoint, in a way, is flawed because RM 1 today is indeed worth more than RM 1 one year, 10 years and 35 years later. <\/p>\n\n\n\n
The true cost of property ownership should not be based on absolute ringgits, but on the concept of time value of money (TVM). In our webinar, I would share the concept of TVM. You\u2019ll learn: <\/p>\n\n\n\n
– How to use the TVM calculator
– How to calculate the real returns of saving plans offered by insurance companies
– Why are the effective interest rate of car loans higher than home mortgages
– The art of evaluating investment opportunities with TVM<\/p>\n\n\n\n\n\n\n
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