Do not go where the path may lead, go instead where there is no path and leave a trail.
Ralph Waldo Emerson
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The Magic of Compounding
The Magic of Compounding
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What would you rather have?
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A) One million dollars on January 1st
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or
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B) The compound value of 1 cent doubled every day during January?
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1-Jan
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$0.02
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2-Jan
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$0.04
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3-Jan
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$0.08
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4-Jan
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$0.16
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5-Jan
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$0.32
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6-Jan
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$0.64
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7-Jan
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$1.28
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8-Jan
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$2.56
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9-Jan
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$5.12
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10-Jan
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$10.24
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11-Jan
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$20.48
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12-Jan
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$40.96
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13-Jan
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$81.92
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14-Jan
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$163.84
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15-Jan
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$327.68
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16-Jan
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$655.36
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17-Jan
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$1,310.72
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18-Jan
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$2,621.44
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19-Jan
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$5,242.88
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20-Jan
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$10,485.76
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21-Jan
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$20,971.52
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22-Jan
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$41,943.04
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23-Jan
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$83,886.08
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24-Jan
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$167,772.16
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25-Jan
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$335,544.32
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26-Jan
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$671,088.64
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27-Jan
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$1,342,177.28
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28-Jan
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$2,684,354.56
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29-Jan
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$5,368,709.12
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30-Jan
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$10,737,418.24
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31-Jan
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$21,474,836.48
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