Everybody knows that Frank Myers' bond, purchased in 1861 at 8.5% annual compound interest, would have been worth $349,119.27 in 1961, if only it had been purchased in U.S. Dollars. Well, maybe not everybody knew that but I'm sure a few of you remembered the amount. This got me to wondering: what would such a bond be worth in 2015? According to the computational machine in front of me (and it's a so-so machine), would you believe that after 154 years, an initial investment of $100 at 8.5% interest comes to —
(Insert annoying two seconds of silence here, like they do on Pawn Stars) $28,587,730.57. In 200 years the total would be more than $1.2 BILLION! Paul Mulik _______________________________________________ WBMUTBB mailing list [email protected] http://www.mayberry.com/tagsrwc/wbmutbb/
