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THE POWER OF INTEREST - LEVIED AGAINST YOU or COMPOUNDING
FOR YOU
This table illustrates the difference between saving money counted by an expensive
8.9% coin counting machine and not
earning interest on it, through counting your coins free and earning interest
on that money. Ahhh, the power of compound
interest.
| Years Elapsed | No interest on $18.22 saved a month after $20 run through supermarket coin counter | No interest on $20 a month saved | Three (3) percent interest on $18.22 saved a month after $20 run through supermarket coin counter | Three (3) percent interest on $20 saved a month |
| 1 |
$219
|
$240
|
$222
|
$243
|
| 2 |
$438
|
$480
|
$450
|
$494
|
| 3 |
$657
|
$720
|
$685
|
$752
|
| 4 |
$876
|
$960
|
$928
|
$1,019
|
| 5 |
$1,095
|
$1,200
|
$1,178
|
$1,293
|
| 6 |
$1,314
|
$1,440
|
$1,435
|
$1,576
|
| 7 |
$1,533
|
$1,680
|
$1,701
|
$1,867
|
| 8 |
$1,752
|
$1,920
|
$1,974
|
$2,167
|
| 9 |
$1,971
|
$2,160
|
$2,256
|
$2,476
|
| 10 |
$2,190
|
$2,400
|
$2,546
|
$2,795
|
| 11 |
$2,409
|
$2,640
|
$2,845
|
$3,123
|
| 12 |
$2,628
|
$2,880
|
$3,153
|
$3,461
|
| 13 |
$2,847
|
$3,120
|
$3,471
|
$3,810
|
| 14 |
$3,066
|
$3,360
|
$3,798
|
$4,169
|
| 15 |
$3,285
|
$3,600
|
$4,135
|
$4,539
|
| 16 |
$3,504
|
$3,840
|
$4,483
|
$4,921
|
| 17 |
$3,723
|
$4,080
|
$4,841
|
$5,314
|
| 18 |
$3,942
|
$4,320
|
$5,210
|
$5,719
|
| 19 |
$4,161
|
$4,560
|
$5,590
|
$6,136
|
| 20 |
$4,380
|
$4,800
|
$5,982
|
$6,566
|
| 21 |
$4,599
|
$5,040
|
$6,385
|
$7,009
|
| 22 |
$4,818
|
$5,280
|
$6,801
|
$7,466
|
| 23 |
$5,037
|
$5,520
|
$7,230
|
$7,936
|
| 24 |
$5,256
|
$5,760
|
$7,671
|
$8,421
|
| 25 |
$5,475
|
$6,000
|
$8,126
|
$8,920
|
| 26 |
$5,694
|
$6,240
|
$8,595
|
$9,435
|
| 27 |
$5,913
|
$6,480
|
$9,078
|
$9,965
|
| 28 |
$6,132
|
$6,720
|
$9,576
|
$10,512
|
| 29 |
$6,351
|
$6,960
|
$10,089
|
$11,075
|
| 30 |
$6,570
|
$7,200
|
$10,617
|
$11,655
|
Coin Counting Main | About / Why - Coin Counting | Coin Counting Primer | Ongoing Search | Links & Resources | Contact