Know why Benjamin Franklin's picture appears on $100 bill?
Date: Fri, 11/11/2005 - 13:13
Benjamin Franklin was a very interesting person with a sharp mind, especially when it came to money. He was the person who largely believed in the theory of compound interest. He got this theory so nicely understood that he gave the cities of Boston, Massachusetts and Philadelphia, Pennsylvania over 27 million dollars. Amazing!! That’s a lot of $100 bills.
Now, you will be interested to know how it was done. He invested approximately $9,000 into a trust fund. He knew it very well that when it will mature after 200 years, it will grow into a huge amount. You might be interested in using the same theory that he did. So, now you decide, do you actually want to pay interest, or the other way, earn interest? :wink:
Now, you will be interested to know how it was done. He invested approximately $9,000 into a trust fund. He knew it very well that when it will mature after 200 years, it will grow into a huge amount. You might be interested in using the same theory that he did. So, now you decide, do you actually want to pay interest, or the other way, earn interest? :wink:
I would like to earn interest and have my picture on a $100 bill
I would like to earn interest and have my picture on a $100 bill :lol:
