Question 1210365
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If the explorer Columbus could have invested $1 at 4% compound interest at the {{{highlight(cross(tine))}}} <U>time</U> 
of discovery of the new world (1492) he would have x amount.  Determine amount.  

Statement does not indicate how interest is compounded.

Year of book information was in - 1965.

4% = .04

1965 - 1492 = 473 years.

Not sure how to solve.
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<pre>
This problem is about one-time deposit of $1, compounded annually at the annual interest rate of 4%.


Use the standard formula for the future value

    FV = {{{A*(1+r)^n}}},


where A is the initial principal, 

      r is the annual interest presented as a decimal,

      n is the number of years.


Substitute the given values into the formula and get the future value

    FV = {{{1*(1+0.04)^473}}} = 113,964,473.46  dollars.    <<<---===  <U>ANSWER</U>
</pre>

Solved.


For whole history about &nbsp;Cristopher &nbsp;Columbus, &nbsp;his life, &nbsp;ideas and voyages, &nbsp;read this &nbsp;Wikipedia article

<A HREF=https://en.wikipedia.org/wiki/Christopher_Columbus>https://en.wikipedia.org/wiki/Christopher_Columbus</A>