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Language: en
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The Power of Compound Interest shows how you
can really put your money to work and watch it grow.
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When you earn interest on savings, that interest
then earns interest on itself
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and this amount is compounded monthly.
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The higher the interest, the more your money
grows!
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If you saved $200 each month, after 35 years,
your money would have only grown to $148,680
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at a three percent interest rate.
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At a six percent interest rate, it would have
grown to $286,370.
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If you received a 9 percent interest rate
on your savings, your money would have grown to $592,760!
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The sooner you start to save, the greater
the benefit of compound interest.