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RE: Can 1 Hive daily serve as your retirement goal?

in LeoFinance4 years ago

Nice calculation. I guess you have missed the power of compounding here. I'm sure your monthly income wouldn't be 140 hive after a year. So probably if you take that into consideration, you might get some impressive numbers. And if price hits 4$, you will not be just millionaire but multi millionaire.

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The FV function will itself take care of compounding. 140 (Actually I took 120 i.e 4 Hive daily) is amount that you need to add every month on the existing principal on top of all the income you are generating by existing principal. Since 10% interest rate is already in formula,so we do not need to calculate curation income and add it explicitly.

It is the power of compounding only that someone contributing 1 hive daily for 45 year will end higher ( 262400 HP) than someone contributing 4 Hive daily for 30 years (236871 HP)

Oh FV takes care of it. Great. Looks impressive. If the price increases the earning potential will also increase. Sorry but something makes me feel that the final outcome can be even more bigger value. 😎

Sure, Key is to stick to your goal for long time to see the rewards.