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Calculators
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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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Lewis
Meers, CPA PC
A Professional Corporation
1501
N. Banks • Pampa, Texas 79065
(806) 665-7164 •
Fax: (806)
665-7167
E-mail: lmeers@lmeers.com |
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