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Calculators
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.
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