| Scotia Wealth Management |
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| I checked again your March 1995 McLeod statement for the bond purchased for $15,578.88. This was approximately the price of a new Honda Civic in 1995. The base model Civic DX had a MSRP of $12,400.
Now in March 2026, 31 years later, your account balance is $265,000 which is about seven and a half times more than a new Honda Civic would cost at this moment (Honda Civic 2026 LX CVT). This is the power of compounding returns! |
| ChatGPT |
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| plot graph of compound interest: $15 579 (1995) -> 31 years -> $265 000 (2026) |
| To grow from $15,579 in 1995 to $265,000 in 2026 (31 years) with compound growth, the implied annual rate is about 9.57% per year.
The compound growth model is:
where
Below is the graph of that compound growth function. 
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| Gemini |
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| plot graph of compound interest: $15 579 (1995) -> 31 years -> $265 000 (2026) |
| The graph below illustrates the growth of an initial investment of $15,579 in 1995 to a final value of $265,000 in 2026.
Growth Summary To achieve this growth over a 31-year period, the investment earned a calculated annual compound interest rate of approximately 9.57%.
The curve shows the typical exponential nature of compound interest, where the absolute growth in dollars increases significantly in the later years of the investment. 
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