this post was submitted on 17 Nov 2023
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Is it compound or straight percentage?
Cuz if it's just straight percentage then it's $20 a year, whereas if it is compound then it's a 2X multiplier every three and a half years roughly.
So if I waited roughly 35 years then I would get $1 million...
I think I got about 77 years left in me, unless somebody comes along and kills me that is.
That at least would be $125 million which isn't too shabby. I find it hard to believe that anybody would say that $125 million 77 years from now would not be a considerable amount of money.
Since you're working with powers of two, and with 20% interest rate you increase the number of powers of two by one, then after 70 years your initial amount would be 2^20, or 104,856,600.
Also, I did my original math wrong and after 35 years it would only be $102,400.
Once you need it, or, alternatively, once you have enough to live comfortably for the rest of your life. It's exponential growth, you only get one chance, just gotta decide what your goal with the money actually is.
Press it before you retire
Same with graphics cards