Why Compound Interest? Future Value of a Single $1, 000 Deposit 20000 口10% Simple 15000 Interest 己10000 口7% Compound Interest s5000 口10% Compound Interest 山 1st Year 10th 20th 30th YearYear Year 3-103-10 0 5000 10000 15000 20000 1st Year 10th Year 20th Year 30th Year Future Value of a Single $1,000 Deposit 10% Simple Interest 7% Compound Interest 10% Compound Interest Why Compound Interest? Future Value (U.S. Dollars)