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Today I was in my corporate finance class at a large public university. The professor was talking about the time value of money and started talking about Roth IRAs. He did the calculation of saving 4k annually for 30 years with an annual return of 10%. The number came out to be something like 690,000. There were many "wows" and shocked faces in the crowd. I guess this was some people's first introduction to compound interest.
I'm glad that my parents taught me about money and I discovered this board because I sat back knowing that I made my 2006 contribution and plan on making a 2007 contribution as well. Hopefully others discovered the magic of compound interest today.
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