Compound Interest: Debt Never Sleeps

$100
annually compounded
7%
will nearly double in ten years
after Year One 107
after Year Two 114.49
after Year Three 122.50
after Year Four 131.08
after Year Five 140.26
after Year Six 150.07
after year Seven 160.58
after year eight 171.82
after year nine 183.85
after year ten 196.72

As Ballard suggested: we underestimate the power of compound interest.