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Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [ 1 ] [ 2 ] In Munich, Germany, Adele Spitzeder founded the "Spitzedersche Privatbank" in 1869, promising an interest rate of 10 percent per month.
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According to the Arizona Blue Book (published by the Arizona Secretary of State's office each year), the state population in 1910 was 294,353. By 1970, it was 1,752,122. The percentage growth each decade averaged about 20% in the earlier decades, and about 60% each decade thereafter. [citation needed] In the 1960s, retirement communities were ...
The women's and men's singles champions will each receive $3.6 million, the U.S. Tennis Association announced Wednesday. The total compensation, which includes money to cover players' expenses ...
A discount rate applied times over equal subintervals of a year is found from the annual effective rate d as. where is called the annual nominal rate of discount convertible thly. is the force of interest . The rate is always bigger than d because the rate of discount convertible thly is applied in each subinterval to a smaller (already ...