[pct-l] use of that much money

[kraig.mottar at verizon.net (Kraig Mottar)]

Apparently little is known here about compount iterest.
Get as simple compound interest computer program and you'll see you don't need a million dollars to make it add up.
And make sure it is money you don't need, ie savings.

Kraig

> considering interest rates are around 1%, you would need around $10 million, depending on hike time, in the bank in order to pay for a thru hike while hiking it.  a few situations arise.  first, if you have $10 million, you're probably not going to be an avid thru-hiker, you won't have enough time between your yacht and investment managing.  second, if you were an avid thru-hiker, you wouldn't sit on that much money, you'd use it for some purpose, such as buying land from logging companies.  third, one of us having $10 million isn't gonna happen.
>  
> greg