A FINE FINE INDEED

How much will you owe if you return a Lamont reserve book 47 years from today? $4,944.12: Pretty steep price
By Alexandra C. Wood

How much will you owe if you return a Lamont reserve book 47 years from today?



$4,944.12: Pretty steep price for that two-page response paper, eh?



THE MATH:

2 cents per minute x 60 minutes/hour x 24 hours/day x 365 days/per nonleap year=105.12

2 cents per minute x 60 minutes/hour x 24 hours/day x 365 days/per leap year=105.14

105.41 x 12 leap years=1264.92

105.12 x 35 non-leap years=3679.20

$4,944.12 for the next 47 years!

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