144 years ago, your great-great grandfather lost $80 playing poker
1 answer:
Compound interest formula:
A = P(1 + r/n)^nt
A = Final amount
P = starting amount
r = interest rate
n = number of compounding per year
t = number of years
A = 80(1+ 0.035/1)^(1*44)
A = 80(1.035)^144
A = $11,337.06
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