How Daily Compounding Turns $500 into $38,000 — The Math That Will Shock You
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The rule behind the numbers
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12 months at 15% per month
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| Starting amount | After 12 months | Profit |
|---|---|---|
| $500 | $3,010 | +$2,510 |
| $1,000 | $6,020 | +$5,020 |
| $2,500 | $15,050 | +$12,550 |
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So where does $38,000 come from?
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The honest caveat
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