If your great aunt had left you an inheritance of $10,000 in 1980, and it had been locked up in a certificate of deposit at an interest rate equal to the inflation rate at that time, i

Management Oct 30, 2020

If your great aunt had left you an inheritance of $10,000 in 1980, and it had been locked up in a certificate of deposit at an interest rate equal to the inflation rate at that time, i.e. the same amount per year (lucky you!), how much would it be worth today at a) a simple interest rate, and/or b) a compounding interest rate?