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Financial advisors warn that even titanic amounts of money can disappear quickly if it isn’t invested wisely. In the case of Marie Holmes, it appeared like her coronary heart was in the appropriate place and she was doing what she thought was right, however some professional recommendation definitely would have helped her out.
For comparison, let’s take a «normal car» like a brand new Ford Focus. Its sticker worth is $14,000. You drive it for chudjenbet four years and it loses 70% of its value, so the residual value at the end of the lease is $4,200. Assume that during the lease, you pay 8% on the cash you borrowed through the time of the lease. That means that you’re dividing the $9,200 in lost value throughout 48 months and then adding within the interest cost. The month-to-month fee for a lease on a Ford Focus is therefore is $267.25.
Since Drake and Sagan made their estimates, astronomers have grow to be more conservative. Paul Horowitz, who boldly assured the existence of extraterrestrial life, has generated more modest results from the Drake Equation, finding that N could also be nearer to 1,000 civilizations [source: Crawford]. But even that figure may be too massive.
The query is, can at present’s artists nonetheless hope to strike it wealthy with one large hit and journey off into the royalty-filled sunset? Now that the music business is dominated by streaming platforms that pay fractions of a penny per play, can musicians even make the equivalent of minimal wage from royalties alone?