I'd go back to the 20's stick £1000 in a bank and then when I come back to present times, et voila it's grown into millions! Mwahahaha
Not the I've thought about it or anything![]()
Well I don't think you have thought about it.
I'm crap at maths but I did a quick spreadsheet adding 5% to £1000 every year from 1920 to 2012 and I get a sum total of £89,005.23
Can somebody verify this?
Well I don't think you have thought about it.
I'm crap at maths but I did a quick spreadsheet adding 5% to £1000 every year from 1920 to 2012 and I get a sum total of £89,005.23
Can somebody verify this?
Id got back to when i was 13 and tell myself what i know now. And kick my ass.
lol
Id got back to when i was 13 and tell myself what i know now. And kick my ass.
lol
Id got back to when i was 13 and tell myself what i know now
Thats pretty....pointless.
Not sure if serious.
I usedWhat part, that 5% is a bit much?
I'm just using 5% has a marker so at the beginning of 1921 I will have £1050 in the bank.
At the beginning of 1922 I will have £1,102.50 and so on.
At the beginning of 2012 I will have £89,005.23
I'm not too good with money so if you could add 5% every year is that what you would get?
I used
1000(1.05^91) and I got about £85k. You don't need a spreadsheet
It should work, though 5% is probably unrealistic.
I'm not clever enough for formulas like that
Anyway we are both in the same ball park figure wise so my original point stands that EVEN IF Phate could get an high interest savings account of 5% a year he would still only end up with around £85k.
What if you were to go back in time, win the lottery, with instructions to be kept hidden from yourself, and managed by someone like barclays wealth until this day.
Then when you come back, you have an obscene amount of money![]()