Albert Einstein is quoted as saying the most powerful force in the universe is compound interest. Benjamin Franklin demonstrated this by investing money in 1790 for the benefit of two cities, Boston and Philadelphia. He instructed the trustees to let the money compound for 200 years, when at that time they could distribute the accumulated sum to the cities. Research the details of this case and report on the results of his effort. Include citations.

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The basic premise of the idea of compound interest is that when money is deposited in bank for a cer... View the full answer