top | item 42496219

(no title)

PepperdineG | 1 year ago

> with an annual contribution of €13.61 and a real rate of return of 3%, 400 years of annual compounding would be over €7 million. With a rate of 4% it would be €280 million.

Reminds of Futurama with billionaire Philip J Fry after unintentionally leaving 93 cents in the bank for 1000 years.

discuss

order

dgfitz|1 year ago

I asked a bot to do the math for me (if anyone was as curious as I was):

93 cents would turn into approximately $17.88 trillion with compound interest of 3% over 1000 years.

93 cents would turn into approximately $4.28 billion with compound interest of 2% over 1000 years.

93 cents would turn into approximately $19,482.22 with compound interest of 1% over 1000 years.

scubbo|1 year ago

Is a bot really necessary in order to calculate 0.93*(1 + n%)^1000?