It all depends on the risk level. Interest rates are very low, so you do not get a high rate of return without a high rate of risk. In other words you can lose money instead of making money.
I invest through my bank and their financial advisor, so my money is relatively safe.
Answers & Comments
This is a poorly worded question.
No, would take a very long time to even break even.
It all depends on the risk level. Interest rates are very low, so you do not get a high rate of return without a high rate of risk. In other words you can lose money instead of making money.
I invest through my bank and their financial advisor, so my money is relatively safe.
You cannot mention investments without mentioning the risk level.
Do you mean 7.6% annualized or 7.6% total?
Assuming you take the $90k at the end of each year, I would look at it this way
$230k grows to $247.5k at the end of the first year
Remove $90k and you have $157.5k remaining
$157.5k grows to $169.4k at the end of the second year
Remove $90k and you have $79.4k remaining
$79.4k grows to $85.4k. There is insufficient money to make the final $90k payment so you should not make the investment.