The Magic of Compounding (Financial Growth):
Investment
Annual Interest Rate (Rate of Return)
Number of Years Money is Invested
Final Balance:
$4
The equation is $
4
(1+ 4
)4
Interest Portion: $4 The equation is $ 4 (1+ 4 )4 - $4
Interest Portion: $4 The equation is $ 4 (1+ 4 )4 - $4