in 1790, your great-great grand parents left $4,600 each for the first two children born...
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in 1790, your great-great grand parents left $4,600 each for the first two children born to a particular bloodline within the chain. They stipulated that the money be invested and that the principal not be touched for 100 years. a. If the money had been invested at 4%, compounded yearly, how much would each child have had in 1890? b. How much if it had been invested at 5%, compounded yearly? c. What interest rate would allow the investment to be multiplied 75 times in the 100 years? d. A friend of your needs advise on which bank loan to go for. Bank A is offering 20% compounded monthly and Bank B is offering 22% compounded quarterly. Advise your friend accordingly
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