Content
@
0 reply
0 recast
0 reaction
xh3b4sd ↑
@xh3b4sd.eth
For the finance lovers, here is compound interest for you. Below is shown the result of saving $300 every month for 30 years, considering a 10% and 15% annual rate. No initial investment. What I find surprising over and over again, is that 5% difference in rate causes a 3x difference in outcome over the entire period.
1 reply
0 recast
3 reactions
xh3b4sd ↑
@xh3b4sd.eth
Also crazy, it takes 11 years at 15% to make 100k. It only takes 5 more years to double that 100k.
0 reply
0 recast
0 reaction
