Looks like the haze is forcing many of us to stay home as a result. Ah, that means more time to write and scribble. Do you have a little time for a short story?

My dad had $10,000 earmarked for his retirement sitting in a high interest account earning 2.5% each year. I borrowed the money from him so that I could pay the downpayment for my new apartment.

I can foresee that cash is going to be tight during the first couple of years. Therefore, I told my dad that I will eventually return him the money in 5 years time.

Compounding 2.5% Interest In Account

This was what my dad’s bank account would have looked like if the money was left untouched.

• $10,000.00 (end of year 0) – Magic of compounding starts ..
• $10,250.00 (end of year 1)
• $10,506.25 (end of year 2)
• $10,768....