What this country needs is a good five-cent nickel.
Edwin Leopold Wynn
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What happens to "1" cent over time?
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What happens to "1" Cent at 5% over time ?
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YEAR
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Start with 1 cent
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+ 5%
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Balance
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1
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$0.0100
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5.00%
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$0.0105
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10
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$0.0155
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5.00%
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$0.0163
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50
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$0.1092
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5.00%
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$0.1147
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100
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$1.2524
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5.00%
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$1.3150
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200
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$165
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5.00%
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$173
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300
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$21,657
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5.00%
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$22,740
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400
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$2,847,937
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5.00%
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$2,990,334
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500
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$374,507,255
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5.00%
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$393,232,618
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1000
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$14,726,846,864,113,600,000
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5.00%
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$15,463,189,207,319,300,000
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1500
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$579,107,655,126,881,000,000,000,000,000
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5.00%
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$608,063,037,883,225,000,000,000,000,000
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2000
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$22,772,401,948,700,500,000,000,000,000,000,000,000,000
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5.00%
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$23,911,022,046,135,600,000,000,000,000,000,000,000,000
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You may want to ponder that:
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in 50 Years that lowly Penny grows to 10 cents
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in 100 Years the lowly Penny grows to one Dollar
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in 200 Years the lowly Penny has now grown to 164 Dollars
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In 300 Years the lowly Penny has grown to $21,000
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In 400 Years the lowly Penny has grown to 2.8 Million
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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.
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