Hey, can you elaborate on the calculations on breaking even on Cost Price of Yulu? I did not understand how you incorporated cost of capital in finding the time to break even. Thanks in advance!
Oh okay! but that assumes that you are paying directly at the end of 5 years right? I was adding every month's ₹2k in current time and so got ROI within 25-26 months.
I did this (assumed 1% per month):-
Total future money = 2000 + 2000/(1.1) + 2000/(1.1^2)....
Hey, can you elaborate on the calculations on breaking even on Cost Price of Yulu? I did not understand how you incorporated cost of capital in finding the time to break even. Thanks in advance!
Cost of a bike at 45K with a 10% interest rate for a 5 year period (life of bike) makes it 72 k.
Oh okay! but that assumes that you are paying directly at the end of 5 years right? I was adding every month's ₹2k in current time and so got ROI within 25-26 months.
I did this (assumed 1% per month):-
Total future money = 2000 + 2000/(1.1) + 2000/(1.1^2)....
I don't know if that's correct either 😅
use this. https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator