1. (A nice inheritance) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly (a) Approximately...

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1. (A nice inheritance) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly

(a) Approximately how much would that investment be worth today: $1,000, $10,000, $100,000, or $1,000,000?

(b) What if the interest rate were 6.6 %?

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Investment Science

ISBN: 9780195391060

1st International Edition

Authors: David G. Luenberger

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Question Posted: Jul 29, 2024 07:10 AM

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1. (A nice inheritance) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly (a) Approximately...

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Investment Science

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