Discover
the magic of compounding!
If
you could have one of the following as your pay for thirty
days' work, which would you choose? (A) $10,000, or (B)
a penny the first day, two cents the second day, four cents
the third day, eight cents the fourth day, and so on, with
each day doubling on out to thirty days.
The
$10,000 sounds very attractive, but the fact is that the
penny doubled each day for thirty days adds up to over five
million dollars. Of course, that is 100% interest compounded
daily, a rate not available to most of us working folk.
Nevertheless, this example shows you the power of compounding
on your investment earnings.
Here
are some easy-to-use calculators.
You
can get rough answers to your financial questions by using
the following calculators and making a few estimates on
your part. If we can be of assistance or answer questions
for you, please call us.
