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89 years=> multiplier so it will be to the power of 89. 1.04^89x500 (read as 1.04 to the power of 89 times 500) It will be worth 16403.53 (rounded to 2 decimal places)

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15y ago
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Q: If you invested 500 in 1920 at 4 percent interest what would it be worth today?
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