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Annuities are how smart people
save! This is where you invest a set amount each month...
A little at a time is the way to go!
Here's how it works:
Let's invest
$100
each month at 12%
compounded monthly...
Beginning of January: You
put in $100.
On the last day of January:
They compute your
interest...
(Remember that, if we make
12% for the whole year,
we'll make 1% each month.)
On February
1st:
You put in another
$100.
On the last day of
February:
They compute your
interest...
On March
1st:
You put in another
$100.
On the last day of
March:
They compute your
interest...
On April
1st:
You put in another
$100.
On the last day of
April:
They compute your
interest...
On May
1st:
You put in another
$100.
On the last day of
May:
They compute your
interest...
On June
1st:
You put in another
$100.
On the last day of
June:
They compute your
interest...
Continued on the
next
page
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