Purdue News PhotosPurdue News Photos
01/98-- With the magic of compounding, saving $100 per month for 15 years equals $41,447. Without compound interest, saving $100 per month for 15 years equals $18,000. This assumes a 10 percent annual rate of return. The difference is that the interest paid one year earns interest the next.
Click on Photo to download a (158 K) JPEG photo. Color print, electronic transmission, and Web or ftp download available from Purdue News Service, (765) 494-2096. The story accompanying this photograph can be seen by clicking this link to the Hall.Collegecash
(Graph reprinted with permission from the Indiana Family College Savings Plan.)
For more information about photographs, send e-mail to:
David Umberger
Associate Director
Purdue News Service
dave_umberger@uns.purdue.edu
Photo Index '00 Page.