this post was submitted on 17 Nov 2023
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[–] Bizarroland@kbin.social 1 points 10 months ago

Since you're working with powers of two, and with 20% interest rate you increase the number of powers of two by one, then after 70 years your initial amount would be 2^20, or 104,856,600.

Also, I did my original math wrong and after 35 years it would only be $102,400.