Comment on You'd need to calculate the compound interest
finitebanjo@lemmy.world 2 days agoYou can calculate it manually as Future Value = Present Value * ( 1 + Interest in integer form )^number of terms
So for example a $1 at 6% APR for 5,000,000 years would be
F = $1 * ( 1 + 0.06 )^5,000,000
F = $12,615,609 if I’m not too tired to think straight rn
I think technically that does outperform inflation so you will have slightly more purchasing power than $1 today.
Gradually_Adjusting@lemmy.world 2 days ago
I knew someone would pull out their textbook and do the math if I played dumb. Weaponized incompetence wins again!
Dozzi92@lemmy.world 1 day ago
Are you my wife?!