In l820, a William Record of London deposited $0.50 (or its equivalent in English pounds) for his

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In l820, a William Record of London deposited $0.50 (or its equivalent in English pounds) for his granddaughter in the Bank of London. Unfortunately, he died before he could tell his granddaughter about the account. One hundred sixty years later, in 1980. The granddaughter's heirs discovered the account. What was the value of the account if the bank paid 6% compounded continuously?
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Differential Equations and Linear Algebra

ISBN: 978-0131860612

2nd edition

Authors: Jerry Farlow, James E. Hall, Jean Marie McDill, Beverly H. West

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