9514 1404 393
Answer:
Step-by-step explanation:
In 1954, the value of the bonds was said to be ...
(54 bonds)×(2500 oz/bond)×($350/oz) = $47.25 million
Then the value for any year after 1954 is said to be ...
value = $0.04725×1.00019^(365t) . . . . billions
where t = years after 1954.
In 2012, t = 2012 -1954 = 58, so the value is about ...
value = $0.04725×1.00019^21170 ≈ $2.64 billion
In 2024, t = 2024 -1954 = 70, so the value is about ...
value = $0.04725×1.00019^25550 ≈ $6.06 billion
_____
Additional comment
If the bonds cannot be redeemed, their value is zero, regardless of any formula.
In 2010 a lawsuit was brought in US court to force the Federal Republic of Germany to make good on the bonds owned by US investors. Germany claims the debt was settled by a 1954 treaty agreement, and that the deadline for any claims was 1958. Hence the bonds are very likely worthless, though investors continue to be hopeful.
