The Bosendorfer Strauss Grand Piano – A Real Life Lesson in the Time Value of Money
From the time I was a kid and had only a few thousand dollars in the bank, I have wanted a Bosendorfer Strauss model grand piano, probably in a 7 foot size (which is comparable to a Steinway & Sons Model B semi-concert grand). Yet, the list price is $111,080 plus you’d be looking at sales tax of roughly $8,331 for a grand total of $119,411. The time value of money opportunity cost of buying a Bosendorfer Strauss grand piano, then is enormous.
