Question
In connection with the United States Bicentennial, the Treasury once contemplated offer- ing a savings bond for $1,000 that would be worth $1 million in
In connection with the United States Bicentennial, the Treasury once contemplated offer- ing a savings bond for $1,000 that would be worth $1 million in 100 years. Approximately what compound annual interest rate is implied by these terms?
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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
