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Dollars by Day

At_the_ice_cavesBy Robert Rapier on Apr 22, 2007
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I just plotted it out

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At_the_ice_caves
Robert Rapier
Robert Rapier says

This shows the effect of compounding money. If you take a penny on Day 1, and double the amount each day, this graph shows how that penny grows (although this graph is not cumulative; I did not sum the amounts as I went along).

On Day 10, you are only at $5.12, at Day 20 you are up to $5,243, and on Day 30 you are at $5.4 million. This is the same concept that can allow someone earning a small salary to become a millionaire - providing they start saving early in life.

posted about 1 year ago

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54% Dollars and Day