A Penny Doubled For 30 Days Or $1 Million Now?

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Would you want to receive a penny doubled for 30 days, or $1 million now? This is an interesting question that shows the power of compounding.

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When you double a penny for 30 days, you will end up with over $5 MILLION, $5,368,709.12 to be exact.

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The compounding effect is why a penny doubled for 30 days is over $5 million.

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It’s pretty simple, divide 72 by your annual rate of return and you will know how long it will take for your investment to double.

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If you start early with investing money letting it grow over time, you will have the most benefit from it.

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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A Penny Doubled For 30 Days Or $1 Million Now?

Would you want to receive a penny doubled for 30 days, or $1 million now? This is an interesting question that shows the power of compounding.

When you double a penny for 30 days, you will end up with over $5 MILLION, $5,368,709.12 to be exact.

The compounding effect is why a penny doubled for 30 days is over $5 million.

The Compounding Effect

It’s pretty simple, divide 72 by your annual rate of return and you will know how long it will take for your investment to double.

The Rule Of 72

If you start early with investing money letting it grow over time, you will have the most benefit from it.

Investing Early Is Key

FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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