Calculators
 Discover
the magic of compounding!
If you could have one of the following as your pay for thirty
days' work, which would you choose? (A) $10,000, or (B) a penny
the first day, two cents the second day, four cents the third
day, eight cents the fourth day, and so on, with each day doubling
on out to thirty days.
The $10,000 sounds very attractive, but the fact is that the
penny doubled each day for thirty days adds up to over five million
dollars. Of course, that is 100% interest compounded daily, a
rate not available to most of us working folk. Nevertheless,
this example shows you the power of compounding on your investment
earnings.
Here are some easy-to-use calculators.
You can get rough answers to your financial questions by using
the following calculators and making a few estimates on your
part. If we can be of assistance or answer questions for you,
please call us.
Matthew G. Jelnicky CPA, P.A.
Certified Financial Planner™
Tax and Investment Planning for Charlotte Professionals
5970 Fairview Road,
Suite 124
Charlotte, North
Carolina 28210
(704) 552-8488 • Fax: (704) 943-0624
E-mail: matt@mgjcpa.com
Licenses/Designations:
North Carolina License: 23257
New York License: 059497
Certified Financial Planner™
QuickBooks® Advisors
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