
10-21-2005, 05:05 AM
|
 |
♦*♥Moderatrix♥*♦
|
|
Join Date: Nov 2001
Location: on top of it all
Posts: 50,568
|
|
PF Can you check their math? Does this compute?
I am posting this cautiously, knowing some people may try to contribute for others. 
|

10-21-2005, 09:34 AM
|
 |
1 of 8,213,984,035
|
|
Join Date: Sep 2001
Location: 41.36N-81.32W
Posts: 21,538
|
|
The math is right on compounding interest. I am working on a conversion table for what I expect to be the medium of exchange at our current rate of progress. I’m not certain how many baskets of corn and number of goats you’ll get for $39 Billion.
I like their plan very much. I just sent a request to them for a measly $563,871,982.31. If sending money TO these people can get me into the future, I figure them sending money to ME should get my into to past. According to their calculator, that should take be back about 413 years. I’ve gathered a bundle of wood and want to take it back in time to a party for Steph. I’m planning on meeting her in about 1692  ……………… in Salem, Mass. 
__________________
PANTIES
the best thing next to cuchie
"If God didn't want you to play with it, He would have put it between your shoulder blades,..... not at the end of your arm"
Except for speculation, we ONLY have NOW and EACHOTHER!
real world of cyber people ~ Pixies ~ real people of the cyber world
|

10-21-2005, 01:46 PM
|
 |
Registered User
|
|
Join Date: Aug 2001
Location: North Australia
Posts: 17,687
|
|
The math is right, but the basic is flawed.
The scheme requires the interest rate to be higher than the inflation rate consistently
over the 500 years.
What's the point of having a zillion bucks which will only buy a small ice-cream?
__________________
Calm, quiet, smooth, devastating
|

10-21-2005, 04:47 PM
|
 |
1 of 8,213,984,035
|
|
Join Date: Sep 2001
Location: 41.36N-81.32W
Posts: 21,538
|
|
Quote:
Originally Posted by Oldfart
....The scheme requires the interest rate to be higher than the inflation rate consistently over the 500 years...
|
And that’s before the bank’s “service charge”. You’re going into the future as an indentured servant. 
__________________
PANTIES
the best thing next to cuchie
"If God didn't want you to play with it, He would have put it between your shoulder blades,..... not at the end of your arm"
Except for speculation, we ONLY have NOW and EACHOTHER!
real world of cyber people ~ Pixies ~ real people of the cyber world
|

10-21-2005, 06:31 PM
|
 |
Pixie since 9/3/2001
|
|
Join Date: Mar 2002
Location: Illinois
Posts: 16,995
|
|
That indenture will last for 700 yrs. plus interest. :devilish:
__________________
Growing older is manditory, growing up is optional
|
Thread Tools |
Search this Thread |
|
|
Display Modes |
Rate This Thread |
Linear Mode
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -5. The time now is 11:00 PM.
|