Power of Compounding and Tax Deferral
Written By: Clif Albino in New Berlin, WI Let’s say you have two uncles. One is Jarvis who just passed away and left an inheritance of $100 K. The other uncle is Sam, who always demands money. A fun little math aid will show how well the money is being managed. Take 72 and divide by the interest rate. That shows the number of years for the money to double. It is not perfect but it is close. At 8%, money doubles every 9 years....
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