Lesson 11
The Mechanics of Compound Growth
See what growth on growth does to a sum over decades, use the Rule of 72, and read any growth figure for the assumptions behind it.
Builds on
Predict
A mathematical model starts with £10,000 and grows by exactly 7% at the end of each year for 40 years. It reinvests all growth, with no contributions, withdrawals, fees, tax or inflation adjustment.
Approximately what is the final balance?
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Choose a prediction, then select Next to see the answer.