Wednesday, March 19, 2008

Now That's a Lot of Interest!

An interesting article by way of Free Money Finance about a promissory note issued in 1861. Now the creditor's descendant wants to cash in on $22.7M off a note of $299.58. That shows the power of compounding right there!

It'll be interesting to see if the court rules in favor of Biddle.

No comments: