I feel like a homework assignment that asks a fifth grader to solve "What would the total in your account be if you deposited $1000 at 20% interest compounded annually" without a calculator is a bit bullshit. Apropos of nothing, I got to do math tonight.
Oh I understand that, but ten years is a bit excessive
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Yeah, I think 5 would be more like it, unless it was 5 last week. How long did it take him/her?
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Also, the kid is NEVER going to deposit money in the account over the next decade?
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