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CSE 4.7 Seinfeld- Compound interest

by Joe Calhoun

Fifty-three years ago, Jerry's Uncle Leo stiffed Jerry's mother out of $50. Eager to get it back, Jerry's father says, “Do you know what that's worth today in interest alone? $663.45, figured at a conservative 5% interest, compounded quarterly.” Morty's calculations are almost accurate, though he does not compound quarterly, and his sum includes the principle, not just the interest.

CSE 4.7 Seinfeld- Compound interest

Jerry's father calculates interest on $50 over 53 years.

from Seinfeld (1995)
Creator: NBC/Larry David & Jerry Seinfeld
Posted by Joe Calhoun