View Single Post
  #1  
Old December 18th 04, 11:23 PM
G.R. Patterson III
external usenet poster
 
Posts: n/a
Default



wrote:

If we
sold the plane for fair market value and put the proceeds in a safe
investment paying 6% interest, the (lost) income would work out to about $28
per flight hour, which would put the total cost very much in line with
renting.


Safe investments (like bonds) these days are bringing in about 1.5%, and have
been for nearly two years. 2001 was the last year you could count on something
like 6% from one of those accounts.

George Patterson
The desire for safety stands against every great and noble enterprise.