Prior to an Alzheimer’s diagnosis, an individual within the early phases of the disease faces a heightened threat of adversarial financial outcomes—a likely consequence of compromised decision making when managing cash, in addition to exploitation and fraud by others. How much curiosity would you expect to pay primarily based upon a 4% APR? Don’t calculate or look it up, simply rely upon your own common sense and estimate what you assume it will be. If I asked this query of 100 individuals a day, virtually a hundred% would severely underestimate the full of interest funds made after 30 years. Some answers embrace $25,000 or even $50,000 and a rare event somebody guesses $60,000. Nobody ever assumes as much as $seventy five,000 which is approx. the payment on $one hundred,000 loan at four% over 30 years. Its known as the magic of compound curiosity and on this case the it’s the banks and lenders who’re compounding YOUR losses for his or her benefit.

By EDONS