Assume Mrs. jsnydcsa and I each have 50K in our respective accounts, baby jsnydcsa has zero.
If both Mrs. jsnydcsa and I share 50K with baby jsnydcsa, he should have:
50k from jsnydcsa + 50K bonus
50k from Mrs. jsnydcsa + 50K bonus
=
200k in his account.
Correct?
Cost $567.50 * 2 = $1,135
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Now, Mrs. jsnydcsa and I each go out and buy 50K for our own accounts, we now are +100K (50K purchase plus 50K bonus) in each of our accounts.
Correct?
Cost = 50K *.025 * 1.075 + 30 = $1373.50 *2 = $2,747.00
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Could Mrs. jsnydcsa and I, with our 100k in each of our accounts from the buy option, then gift each other 50k ending up with 150k in each account?
E.g. 100k in each account (after buy)
- 50k gifted to other person
= 50k remaining in each account after gift
+ 50k gifted from the other person
+ 50k bonus coming with the 50k gift
=
150k balance
Cost $567.50 * 2 = $1,135
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Total cost = $5,017 for 400,000 miles (not 500,000 b/c we had 50k *2 when we started out)
That's 0.0125 per mile. Not bad in my book.