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1. (A nice inharitage) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly a) Approximatelly how much would that investment be worth today:
1. (A nice inharitage) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly a) Approximatelly how much would that investment be worth today: $1,000, $10,000, $100,000, or $1,000,000? a) What if the interest rate were 6.6%?
1. (A nice inharitage) Suppose $1 were invested in 1776 at 3.3% interest compounded yearly
a) Approximatelly how much would that investment be worth today: $1,000, $10,000, $100,000, or $1,000,000?
a) What if the interest rate were 6.6%?
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