4 ms·
Hmm, no. Each per-year saved amount is compounded by the same multiplier k after N years (assuming the same interest rate), so if you start with 1.5x more, you
by davidgay 10y ago
Hmm, no. Each per-year saved amount is compounded by the same multiplier k after N years (assuming the same interest rate), so if you start with 1.5x more, you end up with 1.5x more.
- lewisl9029 10y agoYou're totally right. I clearly wasn't thinking straight when I made that comment. There is still plenty of inherent value in accumulating wealth at a faster pace though.