What this country needs is a good fivecent nickel.
Edwin Leopold Wynn


What happens to "1" cent over time?

What happens to "1" Cent at 5% over time ?

YEAR

Start with 1 cent

+ 5%

Balance





1

$0.0100

5.00%

$0.0105

10

$0.0155

5.00%

$0.0163

50

$0.1092

5.00%

$0.1147

100

$1.2524

5.00%

$1.3150

200

$165

5.00%

$173

300

$21,657

5.00%

$22,740

400

$2,847,937

5.00%

$2,990,334

500

$374,507,255

5.00%

$393,232,618

1000

$14,726,846,864,113,600,000

5.00%

$15,463,189,207,319,300,000

1500

$579,107,655,126,881,000,000,000,000,000

5.00%

$608,063,037,883,225,000,000,000,000,000

2000

$22,772,401,948,700,500,000,000,000,000,000,000,000,000

5.00%

$23,911,022,046,135,600,000,000,000,000,000,000,000,000






You may want to ponder that:








in 50 Years that lowly Penny grows to 10 cents


in 100 Years the lowly Penny grows to one Dollar


in 200 Years the lowly Penny has now grown to 164 Dollars


In 300 Years the lowly Penny has grown to $21,000


In 400 Years the lowly Penny has grown to 2.8 Million






Thereafter, I think we can safely assume, that the lowly penny has ceased to be a lowly penny.
Notes on large numbers:
It takes eleven and a half days for a million seconds to tick by.
I takes thirty two "years" for a billion seconds to tick by.
Homo sapiens is probably less than ten trillion seconds old.


