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Benjamin Franklin bequeathed $4,400 to Philadelphia with instructions to invest the money for 200 years and then distribute the proceeds to charity.

Benjamin Franklin bequeathed $4,400 to Philadelphia with instructions to invest the money for 200 years and then distribute the proceeds to charity. Calculate the value of Franklin's gift after 200 years of compounding (assuming 5% interest, 10% interest, 1% interest).

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8429520.xlsx

SOLUTION:
Present Value
PMT
Nper
Rate $4,400.00
$200.00
5.00% Using excel formula,
Future Value $76,087,355.59 Present Value
PMT
Nper
Rate $4,400.00
$200.00
10.00% Using excel formula,
Future Value...

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