The preferred method of getting at this data is to create a visual representation of it using a compound interest table template. With such a tool, you can easily observe how any interest earning investment vehicle performs over time, and you can track the growth and progress of your hypothetical investment program on a month-to-month basis.
A compound interest table is a rapid way to calculate the exponential growth of an interest bearing investment over time, and is one of the many tools that investors rely upon to evaluate investing alternatives.
Investors need a fast and easy way to compare competing investment opportunities.