This tells you what a sum would grow to in a given time at a nominated rate of return.
It’s designed so that you can enter one single initial sum, or a single initial sum following by regular monthly payments, or regular monthly payments with no initial investment. You’ll find this extremely useful when trying to project what your assets may be worth in the future.
Recommended reading: The 20 Commandments of Wealth for Retires
Noel recommends reading this book: Golden Rules of Wealth