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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.
Clark Accounting Associates
A Professional Corporation
604 West Taylor Street
Kokomo, IN 46901
(765) 459-3325
(866) 570-3325
Fax: (765) 459-0687
E-mail: teamcpa@clarkaccounting.com
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