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CSE 4.7 Seinfeld- Compound interestby 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