Monthly Archives: January 2012

The Magic of Compound Interest

January 14, 2012
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In our example, we’re saying that you’re 30-years-old. By the time you’re 65, you will have saved $34,000.00. Now, $34,000.00 may not be enough to make you feel wealthy… but how about $91,734.56? That’s right. With the magic of compound interest, figured at a measly five percent (5%), the bank will have paid you...

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