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You'd need to calculate the compound interest

⁨628⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨year⁩ ago⁩ by ⁨The_Picard_Maneuver@lemmy.world⁩ to ⁨[deleted]⁩

https://lemmy.world/pictrs/image/9e043a41-3242-42b0-b338-02ead6579473.jpeg

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Comments

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  • nialv7@lemmy.world ⁨1⁩ ⁨year⁩ ago

    If choosing the second option guarantees I would still be alive to receive that dollar, then hell yeah.

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    • RaivoKulli@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

      I’d think living for five million years would be a curse more than anything else

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      • outhouseperilous@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

        Yeah but… Fuck it; I’ve got nothing better to do.

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      • dutchkimble@lemy.lol ⁨1⁩ ⁨year⁩ ago

        It’s not a commitment on our side though, we can stop living when we want to between now and 5 million years later. Imagine loving it and reaching 4999999 years though…

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    • BananaIsABerry@lemmy.zip ⁨1⁩ ⁨year⁩ ago

      You will die, come back to receive your dollar, then immediately did again.

      I’m sorry.

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      • stringere@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

        Oops I did it again.

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    • lugal@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

      So you’ll receive the dollar and then just die? That’s almost like not getting the dollar at all. Think about that

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      • ignotum@lemmy.world ⁨1⁩ ⁨year⁩ ago

        A wise man once said “money can’t buy happiness, but i’d rather die holding one dollar than die holding zero dollars”

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  • Gradually_Adjusting@lemmy.world ⁨1⁩ ⁨year⁩ ago

    All the compound interest calculators on websites refuse to go over 100 years so I guess I’ll just take the 5 mil 😭

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    • Zwiebel@feddit.org ⁨1⁩ ⁨year⁩ ago

      The interest is zero

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      • Bonsoir@lemmy.ca ⁨1⁩ ⁨year⁩ ago

        If there is enough deflation, that dollar could actually be worth billions in today’s dollars!

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      • Gradually_Adjusting@lemmy.world ⁨1⁩ ⁨year⁩ ago

        That can’t be right, no bank could be so evil

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      • Buddahriffic@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Oh but the fees are non-zero!

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    • finitebanjo@lemmy.world ⁨1⁩ ⁨year⁩ ago

      You can calculate it manually as Future Value = Present Value * ( 1 + Interest in integer form )^number of terms

      ImageImage

      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.

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      • Gradually_Adjusting@lemmy.world ⁨1⁩ ⁨year⁩ ago

        I knew someone would pull out their textbook and do the math if I played dumb. Weaponized incompetence wins again!

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    • Chivera@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Sucks

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  • altkey@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

    Unethical number game suggests that if you invest 5mil into property now, you’d soon afford to double that, then quadruple that, then… By the end of said term, every square meter of Earth would hold some kind of an empty apartment complex.

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    • lugal@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

      No matter how you invest them, they won’t be worth a single dollar in 5 million years so rather take the second option

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  • HeyThisIsntTheYMCA@lemmy.world ⁨1⁩ ⁨year⁩ ago

    5 million years. It might be nice to live that long

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    • IAmNorRealTakeYourMeds@lemmy.world ⁨1⁩ ⁨year⁩ ago

      so many ways that wish would go wrong.

      ain’t worth the risk mate

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      • HeyThisIsntTheYMCA@lemmy.world ⁨1⁩ ⁨year⁩ ago

        I didn’t ask for six million I ain’t greedy

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    • finitebanjo@lemmy.world ⁨1⁩ ⁨year⁩ ago

      If the wish granter were powerful and genuine in how it was implemented it might also guarantee continuation of the human race for 5 million years.

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      • Demdaru@lemmy.world ⁨1⁩ ⁨year⁩ ago

        And yet after five million years, long after humanity as a whole has fallen, you live. Standing in a grassy hill which once was New York City, you look upon the horizon.

        Meanwhile somewhere within conrecete cave, deep under millions of years worth of dirt, some ancient server stirred to live, powered by some unknown magic. With it’s last spark of energy it processed operation kept within buffer, reassigning value of one between two different datasets.

        As soon as it happened, you felt relief and gave out last labored breath of life, letting it finally go…as you earned the dollar you wished for.

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  • kryptonianCodeMonkey@lemmy.world ⁨1⁩ ⁨year⁩ ago

    “5 million in a year”

    That year is 2143. And the US dollar has been defunct since 2028 (probably). Enjoy

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  • pennomi@lemmy.world ⁨1⁩ ⁨year⁩ ago

    After 5 million years, a pristine dollar bill will be a priceless historical artifact. I’ll take that.

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    • INHALE_VEGETABLES@aussie.zone ⁨1⁩ ⁨year⁩ ago

      If money doesn’t exist then what would you even sell it for maaaan

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  • Flockwit@lemmy.nz ⁨1⁩ ⁨year⁩ ago

    I’d pick the dollar in 5 million years. At first my choice may seem absurd to financially illiterate people, but it’s called “passive income”, which is the key to getting rich beyond your wildest dreams.

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  • Randelung@lemmy.world ⁨1⁩ ⁨year⁩ ago

    How about 5 Billion now?

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    • ivanafterall@lemmy.world ⁨1⁩ ⁨year⁩ ago

      After taxes, you’d only have like $4.9 billion. That’s how they get you. You’d be better off taking the dollar in 5 million years and letting it grow.

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      • LordCrom@lemmy.world ⁨1⁩ ⁨year⁩ ago

        You do know that interest earned is also taxed right? Letting it grow means you pay every year of how much it grew.

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    • jim3692@discuss.online ⁨1⁩ ⁨year⁩ ago

      Money doesn’t bring happiness

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      • SkyezOpen@lemmy.world ⁨1⁩ ⁨year⁩ ago

        But it can buy a jet ski. Ever see a sad person on a jet ski?

        (Stolen from… Tosh? I think?)

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      • HugeNerd@lemmy.ca ⁨1⁩ ⁨year⁩ ago

        I don’t want to be happy. I want a house, clothes, and food. And a significant coffee and Scotch budget.

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      • Roflmasterbigpimp@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Money pls 🥺👉👈

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  • KombatWombat@lemmy.world ⁨1⁩ ⁨year⁩ ago

    5 million years, because bread tastes better than key

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  • Asafum@feddit.nl ⁨1⁩ ⁨year⁩ ago

    It says nothing about interest, just that you’d get a dollar. There would be 5 million years of inflation that devalues that dollar and to top it all off we’d all be dead in 5 million years for roughly around 5 million years lol

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  • usernameusername@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    Definitely would rather get a dollar in 5 million years. I was never book smart, instead I’m money smart. It makes me more intelligent.

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  • random_character_a@lemmy.world ⁨1⁩ ⁨year⁩ ago

    I’m guessing that current forms of societies that recognise dollars only last two centuries at most.

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  • UncleGrandPa@lemmy.world ⁨1⁩ ⁨year⁩ ago

    How the hell am i going to live long enough to collect the 5 mil?

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    • PetteriSkaffari@lemmy.world ⁨1⁩ ⁨year⁩ ago

      By then you only get 1 dollar.

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  • Dorkyd68@lemmy.world ⁨1⁩ ⁨year⁩ ago

    I have no desire to live that long. You’d see modern civilization fall and most likely massively catastrophic events play out.

    Maybe if I could keep they knowledge I currently have and the body of 25 year old me then maybe I’d consider it.

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  • melsaskca@lemmy.ca ⁨1⁩ ⁨year⁩ ago

    If “interest money” and “advertising” disappeared the whole world would implode, or get better. Who knows?

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  • selokichtli@lemmy.ml ⁨1⁩ ⁨year⁩ ago

    I don’t want to be alive 5 million more years to wait for my dollar. I’ll take the 5,000,000 in just one year.

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