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Three factors affect how money grows in a savings account:
  1. The amount you save.
  2. The interest rate.
  3. The length of time you save.

Let's see what happens when a saver SAVES LARGER AMOUNTS with the SAME interest rate for the SAME number of years.

 

A B C D
AMOUNT OF DEPOSIT ANNUAL INTEREST RATE NO. OF YEARS TOTAL AT THE END OF THE TIME PERIOD
$1,000 4% 10 $1,480.24
$5,000 4% 10 $7,401.22
$25,000 4% 10 $37,006.11
$100,000 4% 10 $148,024.43