Math

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In an episode of the Andy Griffith Show, Mayberry resident Frank Myers almost lost his home to taxes owed. Luckily, Sheriff Andy Taylor found an old town bond that belonged to Frank. The bond's original value was $100 paying 8.5% interest compounded annually and was 100 years old. Determine the amount the town of Mayberry now owed Frank on this bond.

  • Math -

    what is
    100(1.085)^100 ??

  • Math -

    $349,119.27

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