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32 (1 point) Benjamin Franklin in his will in 1789 left a gift of 1000 to each of the cities of Boston and Philadelphia. He
32 (1 point) Benjamin Franklin in his will in 1789 left a gift of 1000 to each of the cities of Boston and Philadelphia. He asked that the interest was to augment the principal continually, and at the end of one 100 years, part of the fund was to be expended for "public works" and the balance was to be compounded for a second hundred years. Benjamin Franklin apparently understood well A) the power of international relations. B) the power of city government. OC) the power of the compounding process. D) the power of financial deregulation. Question 35 (1 point) One can take advantage of the power of the compounding process by saving and investing early. A) True B) False
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