Mathematics, 18.01.2021 03:20 donnafranks2003
A certain gentleman acquired 54 gold bonds issued by the Weimar Republic in 1934. The value of each was 2500 troy ounces of gold. The bonds matured in 1954, at which time the value of each was 2500 troy ounces of gold at 1954 prices. The price of gold at that time was around $350 per troy ounce. The bonds could not be redeemed because in 1954 there was no single German country—it had been divided into two nations. But provisions of the bond stated that from 1954 onward the unredeemed bonds grew in value according to the exponential formula
Value = Initial value × 1.00019365t,
where t is the number of years since 1954.
What was the total value of this man's 54 bonds in 2019? Give your answer in billions of dollars rounded to two decimal places.
Answers: 1
Mathematics, 21.06.2019 17:00
According to modern science, earth is about 4.5 billion years old and written human history extends back about 10,000 years. suppose the entire history of earth is represented with a 10-meter-long timeline, with the birth of earth on one end and today at the other end.
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Mathematics, 21.06.2019 19:30
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Mathematics, 21.06.2019 21:00
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A certain gentleman acquired 54 gold bonds issued by the Weimar Republic in 1934. The value of each...
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