INTEREST OF MONEY.

Dr. Price, in the second edition of his "Observations on Reversionary

Payments," says: "It is well known to what prodigious sums money

improved for some time at compound interest will increase. A penny so

improved from our Saviour's birth, as to double itself every fourteen

years--or, what is nearly the same, put out at five per cent. compound

interest at our Saviour's birth--would by this time have increased

to more money than could be contained in 150 millions of globes, each

equal to the earth in magnitude, and all solid gold. A shilling, put

out at six per cent. compound interest would, in the same time, have

increased to a greater sum in gold than the whole solar system could

hold, supposing it a sphere equal in diameter to the diameter of

Saturn's orbit. And the earth is to such a sphere as half a square

foot, or a quarto page, to the whole surface of the earth."

Barkham Burroughs' Encyclopaedia of Astounding Facts and Useful Information, 1889 · 第 238 / 239 题