Discover the magic of compounding!
If you could
have one of the following as your payment 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.
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.
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.