SOLUTION: If $1 had been placed in a bank account at the birth of Christ and forgotten until now, how much would be in the account at the end of 2012 if money earned 2% compounded annually?
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Question 690119: If $1 had been placed in a bank account at the birth of Christ and forgotten until now, how much would be in the account at the end of 2012 if money earned 2% compounded annually?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{2012})
Use your calculator and get $201,161,833,320,071,813.19
If you don't think that is a lot of money, consider the fact that you could completely pay off the US National Debt and not change any of the first 4 digits of the number.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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