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Convenient Financial Calculators
Discover the Magic of Compounding!
Which would you choose if you could have one of the following as your pay for thirty days’ work? (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, doubling 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 working individuals. Nevertheless, this example shows you the power of compounding on your investment earnings.
Easy-To-Use Calculators
You can get rough answers to your financial questions by using the following calculators and making a few estimates. If we can assist you or answer your questions, please call us.
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