I'm a couple of weeks late, posting this, but there's still time to catch up . . . This is mathematically sound and been proven. I did discover one thing, however. I preferred to do it backward and begin with the large number while the enthusiasm is strong. Once I gained momentum on the plan, I was "rewarded" with a relative large sum early, and a decreasing weekly deposit.
Either way, it's a great savings plan. I can't take credit for it and I can't find the original site for this calculation, but it's certainly worth sharing.
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