

Effective Annual Rate Decimal Places
If you want to increase or decrease the accuracy of the Effective Annual Rate,
change the number in this box, then reclick the compounding method.

Our answer shows that one deposit of $13,719.21 at 10 per cent annual interest at
age 20, allows you to be a millionaire at age 65. This shows you the incredible earning power of compound interest. It gives you something to think about doesn't it? 
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