Thursday, January 13, 2011

p. 18-29

check out the chart on p. 23--Amazing what COMPOUNDING can do!
Even better chart on p. 24--Higher interest rate=more $$$ for you!
Post a summary of what you read, your opinion, and/or questions here and remember to post a comment about a classmate's post also (can be done on the same post)
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15 comments:

  1. Jacob HessJanuary 13, 2011 at 7:39 AM

    You to give time for your investment to grow. All the added on money that you earn is also counted in the interest so you keeep earning more and more.

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  2. Nate BoeversJanuary 13, 2011 at 7:40 AM

    The pages talk about the intrest rates of $100 dollars and at 5% and 10% intrest rates and the 10% intrest rate was much higher after 50 years than the five.

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  3. Jacob HessJanuary 13, 2011 at 7:42 AM

    Nice job nate, 10% interest is not very reasonable though!!!

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  4. Nate BoeversJanuary 13, 2011 at 7:43 AM

    Good point Jacob Hess it would be nice to keep your money growing

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  5. Ryan KellyJanuary 13, 2011 at 7:44 AM

    It talks about 5% and 10% interest rates for $100. It also show how much money each of these would earn you after 50 years.

    I agree with jacob if you need to give investment time to grow

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  6. Tyler NorthJanuary 13, 2011 at 7:47 AM

    Its cool how the money can develop into large amounts of "cash money" after a long period of time.

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  7. Cole MagnussenJanuary 13, 2011 at 7:51 AM

    Its interesting to read about how the money grows just buy sitting around.


    I agree with Jacob. 10% interest isn't very reasonable.

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  8. KayLynn BlandJanuary 13, 2011 at 7:51 AM

    I agree with jacob letting your money grow takes time. I also think it was interesting that Einstein commented on the fact that compound interest is one of the greatest mathematical discoveries ever.

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  9. UnknownJanuary 13, 2011 at 7:53 AM

    If you leave your money to grow, you will make so much more money than if you take the interest out.

    I agree with Jacob. You can keep earning more and more if you give it time to grow.

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  10. Felicia WinkelJanuary 13, 2011 at 7:56 AM

    The longer the time, the more powerful the effect of compounding. Likewise, the higher the return, the more powerful the effect of compounding.

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  11. Felicia WinkelJanuary 13, 2011 at 7:57 AM

    I agree with Jacob. you will earn more and more money if you let it grow over time

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  12. Keisha ManemanJanuary 13, 2011 at 8:01 AM

    YOu have to just wait and give time for your money to grow
    Keisha

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  13. UnknownJanuary 14, 2011 at 7:01 AM

    IF you wait and let your money grow you will be able to make more money. And if you keep putting money in, you will also make more.

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  14. UnknownJanuary 14, 2011 at 7:04 AM

    I agree with jill you want to leave your money to grow.

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  15. J.R. ThompsonJanuary 19, 2011 at 7:51 AM

    Its a good idea to let your investment grow dont just buy something then when it gose up alittle sell it let it grow over time

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