Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it. -- Albert Einstein
Here’s a simple calculator to better understand compounding. The doc has:
A where you can adjust inputs A that’s shows you growth over time A that contains one row for each time period. The chart is a just different way to view data in this table.
Use the calculator by:
Tweaking four values in the Value column to change formula inputs. Clicking on the two buttons. Clear Schedule to clear the table and Generate Schedule to generate the compounding chart.
The calculator demonstrates the growth of 100$ compounding at the rate of 8%, 1 time per year, over a time period of 40 years.
Want to print your doc?
This is not the way.
Try clicking the ⋯ next to your doc name or using a keyboard shortcut (