Question: When he died in 1790, Benjamin Franklin left $4600 to the city of Boston, with the stipulation that the money and its earnings could not
When he died in 1790, Benjamin Franklin left $4600 to the city of Boston, with the stipulation that the money and its earnings could not be used for 100 years. The bequest grew to $332,000 by 1890. What (equivalent) compound annual rate of return did the bequest earn during the 100-year period?
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Given PV 4600 FV 332000 n 100 e The beque... View full answer
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