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COMPOUNDING CALCULATOR
Compound interest may seem like magic, but it is a way to let your hard earned money work for you. The only catch is that you have to stick to a savings plan and not spend it!
Okay, lets see what this means. You get your first job when you are 16 and start saving $20 out of each paycheck and put it in a savings account, earning 3%. Since you get paid every 2 weeks that comes out to $520 a year.
That’s not too hard.
Lets say you keep doing this every year until you are 30.
You will have $9,671.44.
WOW! TRY IT FOR YOURSELF
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