Wednesday, May 30, 2007

The Power of Compound Interest.

As I have at least another 26 years until I can accept retirement, I thought it would be interesting to see what the funds in the FMJ will grow to in these years to go. Starting with April's net worth of $1,311.37 and adding about $110.00 of finds annually and, I assume, annual interest of 5.5%... THE FMJ should be worth at least $11,789.00 when I retire.

NOT BAD CONSIDERING IT'S FUNDED WITH YOUR LOST MONEY!

If I include the Bottles and Cans fund and our annual turn-in of roughly $450.00 then it'll be worth $41,065.49! WOW!

1 comment:

Bailey said...

Those are some impressive numbers.

But sadly (For You), it isn't coming from MY lost money! :-)