The Tale of Three Servants
Now it's time for you to play the part of the Detective.
Below is the app the Detective was using on his phone.
10:05 AM
Ju$tKillinIt
Step 1
Enter Numbers
Initial Investment
$
Annual Contribution
$
Number of Years
Annual Rate of Return
%
* App assumes Annual Compounding
Step 2
Find Out If You're Killin' It
In , you will have
Table of Values
Year | Principal | Interest | Total |
Definitions
Term | Definition |
Amount Invested | Total amount of money laid out for financial gain (that is, Initial Investment plus Annual Contributions) |
Annual Compounding | Adding gains to total investment value each year |
Annual Contribution | Amount of new money added to investment each year |
Annual Rate of Return | Gain on investment each year, expressed as a percentage of the total investment value |
Initial Investment | Starting amount of money laid out for financial gain |
Number of Years | The number of years money is invested |
Total Gain | Total amount of money made from investment |
Total Compounded Value | Total investment value (that is, Amount Invested plus Total Gain assuming Annual Compounding) |
About
Ju$tKillinIt.com is the premier compounding calculator on Gator Island.
When you're doing really, really well financially, you're "Just Killin' It." And that's our goal for everyone: That they just kill it financially. That's why we've been helping gators grow their dollars and cents since 2006.
Want to know more about compounding? Click here.
Based on what you know, please answer the following two questions.
1) Who killed the Youngest Servant?
2) Why was the Youngest Servant killed?