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If you bring it all in at one time, the amount of money you leave at the credit union is called a lump-sum investment.
Investing is a fancy way of saying bringing your money to your credit union. The longer you leave the lump sum at your credit union, the more dividend it earns, and the faster it grows.
Let's figure out how much dividend you can earn with lump-sum investments!
Lump-Sum Investment Calculator
|Look at your lump sum after 30 years!|
Now let's try different numbers of yearshow about 30 years?
What do you think of that account balance?
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This was one of Lincoln's favorite jokes. Do you think the answer is five? Lincoln's answer was "It would have only four. Calling a tail a leg does not make it a leg."
Click Abe's head for the answer.