Suppose my grand grandmother in 1909 put 100 in the bank
Suppose my grand grandmother in 1909 put $100 in the bank account for me. The bank has been paying the compounded (annual compounding) interest rate of 5% per year. If I go and pick up this money now (that is in 2009) how much money will I get?
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suppose my grand grandmother in 1909 put 100 in the bank account for me the bank has been paying the compounded annual
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