Question

Benjamin Franklin bequeathed £1,000 (about $4,400 at the time) each to the cities of Boston and Philadelphia, in trust to gather interest for 200 years. When the trust came due in 1990, what was the approximate vale of the Boston Trust?

Answer 1

Answer: $5 million

Explanation:

By 1990 the approximate value of the Boston Trust was $5 million and a portion of it was used to establish a trade school in Boston.