> with an annual contribution of €13.61 and a real rate of return of 3%, 400 years of annual compounding would be over €7 million. With a rate of 4% it would be €280 million.
Reminds of Futurama with billionaire Philip J Fry after unintentionally leaving 93 cents in the bank for 1000 years.
Clearly not, since all the answers were incorrect; two of them by an order of magnitude:
* 0.93((1.03)^1000) is 6.393E12, not 1.788E13
* 0.93((1.02)^1000) is 3.7E8, not 4.28E9
* 0.93*((1.01)^1000) is 19,492, not 19,482
...on a whim, I just tried asking ChatGPT "What would 93 cents accumulate to over 1000 years with 3% compound interest?", and the answer (179.74) was staggeringly wrong because it thought that 1.03^1000 was approximately 193.48.
Personally, I can say that I just gained a whole _ton_ of respect for you for your ability to learn a lesson, to admit that you made a mistake, and not to double-down on insistence that LLMs are Good, Actually.
I hope my message didn't come across at too unpleasantly confrontational - I'm not annoyed at _you_, but rather at the over-reliance of these hallucination machines in our industry which is supposed to prize hard data and accuracy. I'm glad I was able to help someone gain a bit of reasonable skepticism for them!
All the very best to you and yours for this holiday season!
Reminds of Futurama with billionaire Philip J Fry after unintentionally leaving 93 cents in the bank for 1000 years.