What amount comes closest to the amount howie will receive

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Howie's great grandfather placed the lump sum of $100 in a bank account exactly 85 years ago that will be paid to him today (on his son's 21st birthday). The bank paid interest in each of the previous 85 years at the rate of 5% compounded monthly. What amount comes closest to the amount howie will receive?

Reference no: EM131047332

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