Question
Benjamin Franklin left $100,000 to the City of Boston with the caveat that they couldn't touch it for 100 years. Then they could take out
Benjamin Franklin left $100,000 to the City of Boston with the caveat that they couldn't touch it for 100 years. Then they could take out half and leave the other half for the next hundred years. How much was available to withdraw at 200 year mark if they earned 6%?
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
