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Two Different Savings Plan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Day # |
Plan A |
Plan B |
|
1 |
$100.00 |
$0.01 |
|
2 |
$100.00 |
$0.02 |
|
3 |
$100.00 |
$0.04 |
|
4 |
$100.00 |
$0.08 |
|
5 |
$100.00 |
$0.16 |
|
6 |
$100.00 |
$0.32 |
|
7 |
$100.00 |
$0.64 |
|
8 |
$100.00 |
$1.28 |
|
9 |
$100.00 |
$2.56 |
|
10 |
$100.00 |
$5.12 |
|
11 |
$100.00 |
$10.24 |
|
12 |
$100.00 |
$20.48 |
|
13 |
$100.00 |
$40.96 |
|
14 |
$100.00 |
$81.92 |
|
15 |
$100.00 |
$163.84 |
|
16 |
$100.00 |
$327.68 |
|
17 |
$100.00 |
$655.36 |
|
18 |
$100.00 |
$1,310.72 |
|
19 |
$100.00 |
$2,621.44 |
|
20 |
$100.00 |
$5,242.88 |
|
21 |
$100.00 |
$10,485.76 |
|
22 |
$100.00 |
$20,971.52 |
|
23 |
$100.00 |
$41,943.04 |
|
24 |
$100.00 |
$83,886.08 |
|
25 |
$100.00 |
$167,772.16 |
|
26 |
$100.00 |
$335,544.32 |
|
27 |
$100.00 |
$671,088.64 |
|
28 |
$100.00 |
$1,342,177.28 |
|
29 |
$100.00 |
$2,684,354.56 |
|
30 |
$100.00 |
$5,368,709.12 |
In the chart above, you saw how much was put into the savings every day. The chart below shows you how much actually accumulated. Plan A would accumulate $3,000, but plan B results in $10,737,418. With multiplication, you can start with something very small and quickly develop into something very large. The following chart shows the accumulations of the two savings plans.
|
Day # |
Plan A |
Plan B |
|
1 |
$100.00 |
$0.01 |
|
2 |
$200.00 |
$0.03 |
|
3 |
$300.00 |
$0.07 |
|
4 |
$400.00 |
$0.15 |
|
5 |
$500.00 |
$0.31 |
|
6 |
$600.00 |
$0.63 |
|
7 |
$700.00 |
$1.27 |
|
8 |
$800.00 |
$2.55 |
|
9 |
$900.00 |
$5.11 |
|
10 |
$1,000.00 |
$10.23 |
|
11 |
$1,100.00 |
$20.47 |
|
12 |
$1,200.00 |
$40.95 |
|
13 |
$1,300.00 |
$81.91 |
|
14 |
$1,400.00 |
$163.83 |
|
15 |
$1,500.00 |
$327.67 |
|
16 |
$1,600.00 |
$655.35 |
|
17 |
$1,700.00 |
$1,310.71 |
|
18 |
$1,800.00 |
$2,621.43 |
|
19 |
$1,900.00 |
$5,242.87 |
|
20 |
$2,000.00 |
$10,485.75 |
|
21 |
$2,100.00 |
$20,971.51 |
|
22 |
$2,200.00 |
$41,943.03 |
|
23 |
$2,300.00 |
$83,886.07 |
|
24 |
$2,400.00 |
$167,772.15 |
|
25 |
$2,500.00 |
$335,544.31 |
|
26 |
$2,600.00 |
$671,088.63 |
|
27 |
$2,700.00 |
$1,342,177.27 |
|
28 |
$2,800.00 |
$2,684,354.55 |
|
29 |
$2,900.00 |
$5,368,709.11 |
|
30 |
$3,000.00 |
$10,737,418.23 |
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