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Article Title

Baily's paradox

Other Form of Name

Brief, Richard P., 1933-

Publication Date

1979

Abstract

The following question appeared in Francis Baily's celebrated 1808 text on interest and annuities: "If a penny had been put out at 5 percent compound interest at the birth of Christ; to what sum would it amount at the end of the year 1810?" . A discussion of various solutions follows.

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