George H. Skinner, CPA

Certified Public Accountant

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Calculators

Discover the magic of compounding!

If you could have one of the following as your pay for thirty days' work, which would you choose? (A) $10,000, or (B) a penny the first day, two cents the second day, four cents the third day, eight cents the fourth day, and so on, with each day doubling on out to thirty days.

The $10,000 sounds very attractive, but the fact is that the penny doubled each day for thirty days adds up to over five million dollars. Of course, that is 100% interest compounded daily, a rate not available to most of us working folk. Nevertheless, this example shows you the power of compounding on your investment earnings.

Here are some easy-to-use calculators.

You can get rough answers to your financial questions by using the following calculators and making a few estimates on your part. If we can be of assistance or answer questions for you, please call us.

Loan & Mortgage Calculators

Retirement Calculators

Savings Calculators

Estate Planning Calculator

George H. Skinner, CPA
Certified Public Accountant
910 South Chapel Street, Suite 203
Newark, Delaware 19713
(302) 737-1670
Fax: (302) 737-9765
E-mail: george@ghskinnercpa.com