I understand that in the next episode of Futurama, Fry will discover that the 93� he had in the bank 1000 years earlier has accumulated interest, making Fry a multi-billionairre.
No bank has an interest rate that exceeds the rate of inflation, however. It's very possible that a billion daollars in the future will be worth the equivalent of 50� today. Until Tuesday night, I can only speculate as to whether the upcoming episode addresses this.
hmmm, I'm just curious what kind of person tries to dis-prove a fictional TV show. That is the basis of FICTION!!!! so, all you nerds out there who plan on finding flaws in Futurama based on how the real world applies, get a life! for god sakes, it's a fiction tv show
Eric Perlin wrote in message news:WczU2.297$[email]...
Nerds who find this sort of thing stimulating. It's like laughing in the writers' faces without them actually being there to pick away at their carefully prepared script line-by-line for inconsistencies.
Now to add my 1.9 cents to this:
It is possible that the DOOP has imposed some fixed exchange rate on the dollar to prevent such wild inflation that would take place in 1000 years. And as for the bank turning over assets after 7 years, it depends on whether or not a bank would care to close a 93-cent account, and if Fry's heirs would bother to withdraw the 93 cents.
Mike Rifkin wrote in message news:7g09o6$6eb$[email]...
TV
plan
It's actually, "A Fishful of Dollars".
Eric Perlin wrote in message ...
There's actually an old joke about this. I am not making this up. I wish I had, but it's an old joke. To wit:
A guy has himself put in suspended animation so he can see what the future is like. Five hundred years later, he wakes up and immediately runs to a phone to call his bank, which had been notified of his plans.
The banker says "Well, your account is now worth eight billion dollars."
The guy says "That's great! I'm rich! I'm rich!!"
Just then the operator cuts in and says "Please deposit ten billion dollars for the next three minutes."
---
Based on the preview alone, I'm guessing our boys from Harvard did not take that route for Fry's fortune.
-Amanda
In article , Eric Perlin wrote:
I believe that your assumption is incorrect. Banks only have to offer less interest than then can charge. The interest rate on a savings account is lower then the bank's prime lending rate but may be higher than inflation.
The quoted average interest rate for tonights episode was 2.25% compounded by 1000 years makes for interest of 460,592,306,400%. A principle of $0.93 would have a future value of:
$4,283,508,450.00 (roughly $4.3B).
At 2.25% he would make about $96M/year in interest.
A friend of mine pointed out that inflation would make Fry's newfound wealth absolutely useless.
"I've got 4.5 million dollars!"
"Great, you can buy a happy meal."
David
That was BILLION. With a "B"! Pay attention.
On 30 Apr 1999 11:18:08 -0400, [email] (D.G. Larush) wrote:
The two alien invasions caused money to devaluated to late 20th century levels. :)