SOLUTION: Suppose you put $0.25 in the bank, on the first of January 1901, at 5% interest compounded annually. How much money would you have on January 1, 2013?

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Question 755515: Suppose you put $0.25 in the bank, on the first of January 1901, at 5% interest compounded annually. How much money would you have on January 1, 2013?
Answer by reviewermath(1029) About Me  (Show Source):
You can put this solution on YOUR website!
Q:
Suppose you put $0.25 in the bank, on the first of January 1901, at 5% interest compounded annually. How much money would you have on January 1, 2013?
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A:
0.25%281.05%5E112%29 = $highlight%2859.04%29