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    Money Management - Growth Model

    Uploaded by

    Amy Hennessey
    The document outlines a 52-week savings plan, tracking weekly balances with an 8% annual interest rate and 1.6% weekly growth. Starting with $6,000, the balance grew to $44,378 in the first year and $17,956,505 after two years of consistent savings and compound interest.

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    Money Management - Growth Model

    Uploaded by

    Amy Hennessey
    7 views3 pages
    The document outlines a 52-week savings plan, tracking weekly balances with an 8% annual interest rate and 1.6% weekly growth. Starting with $6,000, the balance grew to $44,378 in the first year and $17,956,505 after two years of consistent savings and compound interest.

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    The document outlines a 52-week savings plan, tracking weekly balances with an 8% annual interest rate and 1.6% weekly growth. Starting with $6,000, the balance grew to $44,378 in the first year and $17,956,505 after two years of consistent savings and compound interest.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    7 views3 pages

    Money Management - Growth Model

    Uploaded by

    Amy Hennessey
    The document outlines a 52-week savings plan, tracking weekly balances with an 8% annual interest rate and 1.6% weekly growth. Starting with $6,000, the balance grew to $44,378 in the first year and $17,956,505 after two years of consistent savings and compound interest.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    year 1

    Weekly Goal
    Daily Goal

    week
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26

    End Balance
    6,480
    6,998
    7,558
    8,163
    8,816
    9,521
    10,283
    11,106
    11,994
    12,954
    13,990
    15,109
    16,318
    17,623
    19,033
    20,556
    22,200
    23,976
    25,894
    27,966
    30,203
    32,619
    35,229
    38,047
    41,091
    44,378

    8.00%

    Start Balance
    Annual
    Growth

    1.60%
    week
    27
    28
    29
    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44
    45
    46
    47
    48
    49
    50
    51
    52

    End Balance
    47,928
    51,763
    55,904
    60,376
    65,206
    70,422
    76,056
    82,141
    88,712
    95,809
    103,474
    111,752
    120,692
    130,347
    140,775
    152,037
    164,200
    177,336
    191,523
    206,845
    223,392
    241,263
    260,565
    281,410
    303,922
    328,236

    6,000
    4965%

    year 2

    Weekly Goal
    Daily Goal

    week
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26

    End Balance
    354,495
    382,855
    413,483
    446,562
    482,287
    520,870
    562,539
    607,542
    656,146
    708,637
    765,328
    826,555
    892,679
    964,093
    1,041,221
    1,124,519
    1,214,480
    1,311,638
    1,416,570
    1,529,895
    1,652,287
    1,784,470
    1,927,227
    2,081,405
    2,247,918
    2,427,751

    8.00%

    Start Balance
    Annual
    Growth

    1.60%
    week
    27
    28
    29
    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44
    45
    46
    47
    48
    49
    50
    51
    52

    End Balance
    2,621,971
    2,831,729
    3,058,267
    3,302,929
    3,567,163
    3,852,536
    4,160,739
    4,493,598
    4,853,086
    5,241,333
    5,660,639
    6,113,491
    6,602,570
    7,130,775
    7,701,237
    8,317,336
    8,982,723
    9,701,341
    10,477,448
    11,315,644
    12,220,896
    13,198,568
    14,254,453
    15,394,809
    16,626,394
    17,956,505

    328,236
    4965%

    Enter your Weekly Goal and Start Balance

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