But how would Opie and the others figure it out, on paper.
Message: 4 Date: Wed, 26 Mar 2008 17:04:10 -0400 From: "Good, Don" <[EMAIL PROTECTED]> Subject: RE: $100 @ 8.5% compounded anually over 100 years To: <[email protected]> Message-ID: <[EMAIL PROTECTED]> Content-Type: text/plain; charset="iso-8859-1" "OR, and hold on to your hats folks, we could all be charged $100 (genuine Civil War bond) plus 8.5% interest, compounded annually for the last 100 years, in the amount of $349,119.27, to be paid in cash." ------------- If'n you go to to any compound interest calculator (eg http://www.moneychimp.com/calculator/compound_interest_calculator.htm - and it's a goooood machine), put in $100, 0 annual addition, and 8.5% interest, you do indeed get that amount. _________________________________________________________________ How well do you know your celebrity gossip? http://originals.msn.com/thebigdebate?ocid=T002MSN03N0707A _______________________________________________ WBMUTBB mailing list [email protected] http://www.mayberry.com/tagsrwc/wbmutbb/
