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.
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
some easy-to-use calculators
know how much you need to set aside to fund a college education
for your child?
must you save each month for your retirement?
your Individual Retirement Account (IRA) be worth when you
get ready to start drawing on it?
get rough answers to these and other questions very quickly
by using the following calculators and making a few estimates
on your part. If we can be of help or answer questions for
you, please call us.