[78-L] Already RARE in 1946!!

[Jeff Lichtman]

>I heard someone mention yesterday that he had heard that Zulu's Ball had
>last sold at $50,000.  The 1970s price had been $4295 I believe.  My
>thoughts at the time (1980) had been whether putting that amount in a
>normal bank account would end up being worth more than the record in
>later years.  Anybody with the real story of that record and anybody
>with actuarial tables who could give us the current value of that bank
>account (not just the inflation value, the value with accrued interest)?
>
>
>Mike Biel  mbiel at mbiel.com

I don't have actuarial tables, but I can tell you how long it would 
take $4295 to grow to $50000 at different annual interest rates:

5% - 50.3 years

10% - 25.8 years

15% - 17.6 years

20% - 13.5 years

25% - 11.0 years

30% - 9.4 years

35% - 8.2 years

40% - 7.3 years

. . .

100% - 3.5 years


                        -        Jeff Lichtman
                                 jeff at swazoo.com
                                 Check out Swazoo Koolak's Web Jukebox at
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