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Western Carolinian Volume 69 Number 15
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HL_WesternCarolinian_2005-05_Vol69_No15_28Item’s are ‘child’ level descriptions to ‘parent’ objects, (e.g. one page of a whole book).
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Book RUNNERS ! May 2nd - 6th pee ete, MUST BE ABLE TO LirT | Meprum To HEAVY Loaps | en CATAMOUNT BooKsTORE| replacement cost. textbooks. Catamount Bookstore ATTENTION STUDENTS!! Do You Have Rented Textbooks? Students who return books after May 13, 2005, will be charged a replacement cost for all unreturned For More Information Call Catamount Bookstore 828-227-7346 by Lee Schwarz * WCnewsmagazine Do you ever wonder how little things you can save money on add up to large amounts of money over the years? Do you ever wonder how the money piles up when | write Schwarz Factor? If you are wondering this you are in luck because this is the edition in which | explain what happens to the money over time. As you know, investing can be very simple, and have nothing to do with the stock market. Also you know many uncommon things can be investments. However, what you may not know is that you must earn interest on previous interest you have earned. For instance, suppose that you have and investment that pays you $1000 a month. Suppose that is the interest you receive on a $100,000 investment. Suppose that instead of cashing a $1000 check every month you allow that money to stay invested. That way you dont get an immediate payoff in the form of cash but your money grows faster because it has compounded. In effect, you are far better off by leaving your interest payments invested so that next month you can earn interest off of this months interest! Remember our $100,000 investment and the $1000 you earned in one month on that investment? Well, if you are compounding that interest then Catamount Bookstore would like to remind all undergraduates to return rented textbooks before leaving campus. All rental books must be returned on/or before May 13, 2005, to avoid paying a WCnewsmagazine Compound interest: Your best friend next month you would be earning interest on $101,000 instead of only $100,000. Your new interest payment would be $1010 instead of only $1000. The next month you would earn interest on $102,010 instead of only $100,000. Your 1% interest payment would be $1020.10 instead of only $1000. Your money is growing fast so hold on! Just remember that you can earn interest on past interest. Compounding that interest together will make your money grow faster than you can funnel a_ beer! Give a small trash hauler your business. You can work with a lot fewer people and a lot less bureaucracy while helping out a local business by letting a local small business collect your garbage. Often times you can save 50% in fees supposing that a large trash hauler charges $40 a month to collect your garbage twice a week. If you can save 50% by taking your business to a small company you would save $20 per month. Take $20 per month times 12 months=$240. $240 * 4 years=$960. Invest that money and let the interest compound for 20 years @ 20% and you will have $36,804.48. Smaller businesses usually have much lower costs so they can give you a better price. Textbooks 1) Student Tuition Must Be Paid 2) Student Account Must Be 13 \NCIAL COLUMN et Mini-Mester Book Rental Available May 2nd - 24th Before Rental Books May Be Picked Up: Processed By The Cashiers Office mini-mester session Please retum mini-mester rental books immediately following
Object’s are ‘parent’ level descriptions to ‘children’ items, (e.g. a book with pages).
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The Western Carolinian is Western Carolina University's student-run newspaper. The paper was published as the Cullowhee Yodel from 1924 to 1931 before changing its name to The Western Carolinian in 1933.
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