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Retirement Countdown: Take Action Now to Get the Life You Want by David Shapiro

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Appendix C. Compound Interest Table

Use this table if you don't have access to a calculator to determine the value of a sum of money over a specific period of time. Let's say you want to see what $10,000 will be worth in twenty years assuming a six percent growth rate. All you need to do is multiply the factor for twenty years and six percent by $10,000. In this case, the factor is 3.20714, so $10,000 will be worth $32,071 in twenty years.

Table C-1. Compound Interest Table

Number of Years

Annual Percentage

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

11%

12%

1

1.01000

1.02000

1.03000

1.04000

1.05000

1.06000

1.07000

1.08000

1.09000

1.10000

1.11000

1.12000

2

1.02010

1.04040

1.06090

1.08160

1.10250

1.12360

1.14490

1.16640

1.18810

1.21000

1.23210

1.25440

3

1.03030

1.06121

1.09273

1.12486

1.15763

1.19102

1.22504 ...

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