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Your grandfather put $100 under his mattress 50 years ago. If he had instead invested it in a bank account paying 3.5% interest compounded yearly

 

Your grandfather put $100 under his mattress 50 years ago. If he had instead invested it in a bank account paying 3.5% interest compounded yearly (roughly the average U.S. rate of inflation during that period), how much would it be worth now?

 

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