Mornnig gang....
Fun with compounding, I did some calculations, I thought y'all might interested in seeing the magic what a 10% return per month works.
Start with $5,000
Month add 10% it becomes
1 $5,000 500 $5,500
2 $5,500 550 $6,050
3 $6,050 605 $6,655
4 $6,655 665.50 $7,320.50
5 $7,320.50 732.05 $8,052.55
6 $8,052.55 805.25 $8,857.80
7 $8,857.80 885.78 $9,743.58
8 $9,743.58 974.36 $10,717.94
9 $10,717.58 $1,071.79 $11,789.73
10 $11,789.73 $1,178.97 $12,968.70
11 $12,968.70 $1,296.87 $14,265.57
12 $14,265.57 $1,426.56 $15,692.13
*This test was conducted on a closed course, using a professional driver, you may experience differing results. But this may be of great instructional value. |
