the magic of compounding!
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.
$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.
We are providing these interactive financial
calculators and other tools to assist you with
some of the day-to-day questions and concerns
that may arise. While these financial tools are
not a substitute for financial advice from a
qualified professional, they can be used as a
starting point in your decision making process.
free to browse around and use these calculators
to provide you with some answers on the simpler
situations. We are here to help you should you
require more assistance.