Hello, the insurance salesman didn't exaggerate your problem. Hongfa earns interest every year and compound interest every month! 10 years old, male, paying 20,000 yuan in five years. At the age of 60, you can get about 1 10,000 at one time. It's no exaggeration. You can have a look here. /kloc-Dividend insurance purchased at the age of 0/0 has gone through 50 years since the age of 60. During the 50-year insurance period, the premium you pay is 654.38+10,000 yuan, and the principal will be calculated by the method of compound interest on a daily basis. Return your birthday bonus of 65438+ 10,000 at the age of 60. The key lies in the compound interest of this day and this month. For example, Yang Bailao borrowed a chicken from Huang Shiren years ago, and it will not be enough to marry his daughter to Huang Shiren by the end of the year! That's the truth! And the point is, during the 50-year cumulative interest period, you didn't touch the money until you were 60 years old. His real profit lies in the fact that the daily interest and monthly compound interest have remained unchanged during these 50 years!
Let's give another example. Some time ago, it was reported that a middle school student overdrawn 20 yuan with a bank peony, and his family didn't know it. A few years later, his parents received a notice from the bank that the card needed to repay the overdraft fee 1 more than 1,000!
So the landlord should not underestimate the power of daily interest and monthly interest compound interest! Water drops can also gather into the sea!