IveyJacobson & Company, LLC
5335 SW Meadows Road, Suite 455
Lake Oswego, OR 97035
(503) 684-4585
Fax: (503) 684-4583
 

 

 

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

  • Retirement Calculator How much must you save each month for your retirement?
  • IRA Calculator What will your Individual Retirement Account (IRA) be worth when you get ready to start drawing on it?
  • Roth IRA Calculator How does a Roth IRA compare to a traditional IRA?

Savings Calculators

 

Ivey Jacobson & Company, LLC
Certified Public Accountants
5335 SW Meadows Road, Suite 455 Lake Oswego, OR 97035
(503) 684-4585 Fax: (503) 684-4583