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When Alfred Nobel died, he left the majority of his estate to fund five prizes to be made annually starting one year after he died
When Alfred Nobel died, he left the majority of his estate to fund five prizes to be made annually starting one year after he died the sixth one, in economics, was added later
a If he wanted the cash award of each of the five prizes to be $ and his estate could earn per year, how much would he need to fund his prizes?
b If he wanted the value of each prize to grow by per year perhaps to keep up with inflation how much would he need to leave?
c His heirs were surprised by his will and fought it If they had been able to keep the amount of money you calculated in b and had invested it at per year, how much would they have in years after he died? How is the answer and not How did you work this out on the calculatorclasspad to get the full answer not in scientific notation?
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