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The Future

Teaching Children About Investing

With today’s paltry interest rates, will it not be hard for a child to see his money grow, even if he looks at a physical or online statement from a bank?

With today’s interest rates near zero, it may be difficult for your child to see his money grow quickly by looking at monthly savings account statements. However, the Internet has various online calculators, such as www.moneychimp.com, that allows you to enter an amount in a savings account, as well as an interest rate, and the amount of time that the money is in the account, to see how his savings account may grow because of compounding interest.



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