Start by telling us why you're calling. 1  Here are some very popular reasons why other people call this Garmin number. 2  We have a few other tricks to try if you're calling Garmin, and if you are already viewing this on a phone or call-capable device, then you can click or tap below to just start a call.
Suppose you invest $100 at a compound interest rate of 10%. The rule of 72 tells you that your money will double every seven years, approximately: If you graph these points, you start to see the familiar compound interest curve:
The compounding effect. If you invested $10,000 at 5% per year, you would earn $2,500 in simple interest after 5 years, $500 for each year. This would give you a total of $12,500 after 5 years.If you invested $10,000 at 5%, you would earn $2,834 in compound interest after 5 years, giving you a total of $12,834.f you invested $10,000 at 5%, you would earn $2,834 in compound interest after 5 years, giving you a total of $12,834.