Yeah like my math on this is rusty, but say you were given $5000 a day for 10 days, starting when Columbus sailed in 1492. Assuming 2% annual interest isn’t it like ($5000*10)*(1+2%)^(2025-1492) = $1.9B
Not endorsing billionaires, just pointing out this isn’t a great analogy.
Ehh I think we are forgetting about compounding interest.
that’s true, but still think about how long it would still take.
Yea, it would take a long time.
wat
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Yeah like my math on this is rusty, but say you were given $5000 a day for 10 days, starting when Columbus sailed in 1492. Assuming 2% annual interest isn’t it like
($5000*10)*(1+2%)^(2025-1492) = $1.9BNot endorsing billionaires, just pointing out this isn’t a great analogy.
Yea, I guess we need to watch that new Netflix show about the billionaire killing serial killer to get better analogies 🤷♂️