ECO-PRACTICAL

So let’s put that Economics knowledge to work and calculate the value of IVAC’s $1,100 compensation had they given it to our family 26 years ago….

FV=PV(1+n) (to the power, 26)

FV=1,100 (1+.06) (power 26) …. we’ll say a modest 6% interest rate.

FV= $5,004.32

IVAC, you still owe me $3,904.32

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