Quote:
Originally Posted by Fishpart
Actually I used 15 because in RI we buy 15 year busses on 30 year bonds and wonder why there isn't any money. For tablets with a 5 year (?) life you are paying the interest on 6 replacements by the time the first one is paid off; only an educated person could think that is a good way to fund advancement in education.. Clearly a great example of how intelligent being educated in a monopoly system controlled by the government has made all of us.
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I would agree that a 30 year bond may not be the best investment for a short-lived device, although with the size of the potential investment I'd think a deal could be arranged with a produced to provide more perpetual service.
Also, my understanding of the qualified construction bonds is there's little if any debt service.
The bigger issue is how does a mammoth school system like California update it's curricula and equipment without spending money?
-spence
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