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10 August, 12:20

What is 10$ in 245 years with a 5% interest

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  1. 10 August, 14:13
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    If it's simple interest ...

    F=P+Prt

    F=10+10 (.05) 245

    F=$132.50

    If it's compound interest;

    F=Pr^t

    F=10 (1.05^t)

    F=10 (1.05^245)

    F=$1553739.73
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