Compounding is wonderful. A 10% return/ month will increase to a sizeable amount after 2 years.
10%/month annualized is 285% return! I like that kind of return.
Here is a example of 10%/ month compounded monthly.
Time | Amount |
Month 1 | $10,000 |
Month 2 | $11,000 |
Month 3 | $12,100 |
Month 4 | $13,310 |
Month 5 | $14,641 |
Month 6 | $16,105 |
Month 7 | $17,716 |
Month 8 | $19,487 |
Month 9 | $21,436 |
Month 10 | $23,579 |
Month 11 | $25,937 |
Month 12 | $28,531 |
Month 13 | $31,384 |
Month 14 | $34,523 |
Month 15 | $37,975 |
Month 16 | $41,772 |
Month 17 | $45,950 |
Month 18 | $50,545 |
Month 19 | $55,599 |
Month 20 | $61,159 |
Month 21 | $67,275 |
Month 22 | $74,002 |
Month 23 | $81,403 |
Month 24 | $89,543 |
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