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.
Brief (1933-), Richard P.
Accounting Historians Journal: Vol. 6
, Article 10.
Available at: https://egrove.olemiss.edu/aah_journal/vol6/iss1/10