Budgeting Quiz

Suppose you have a billion dollars earning a nice 5.256% continuous interest (5.3966% APR) and decide to spend, give away, or burn $100/minute.   How much would you have left after one year?

For extra credit don't use pencil, paper, calculator or similar aids.

Hint: Rent

SECOND HINT for my disappointingly sluggish readership: You don't need the pencil and paper etc. if you remember the lyrics of Rent, How do you measure a year.  If you don't know Rent, you really should listen to it.

PS Ignore taxes - you're a billionaire!


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