InvestmentTools.com   |     home
What this country needs is a good    five-cent 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.