Just using a 3% interest rate compounded annually, I estimate this committer of insurance fraud who appears to be preparing to meet his maker to still owe over $600.
And what about adjusting for inflation. That’s probably close to another $1,500 or so.
It was a kind gesture, but it would have been a much better human interest story if the person would have included their name. I’m sure no charges would have been pressed, and this person could have been an advocate against insurance fraud. Big missed opportunity on their part.
Just using a 3% interest rate compounded annually, I estimate this committer of insurance fraud who appears to be preparing to meet his maker to still owe over $600.
And what about adjusting for inflation. That’s probably close to another $1,500 or so.
It was a kind gesture, but it would have been a much better human interest story if the person would have included their name. I’m sure no charges would have been pressed, and this person could have been an advocate against insurance fraud. Big missed opportunity on their part.