w's Mites, Jesus explains to his disciples that the small sacrifices of the poor mean more to God than the extravagant donations of the rich (Mark 12:41-44, King James Version). If the widow's mites were worth 2 cents in the first century and they earned 12% interest for 2000 years, what would they be worth today? Use the calcu
w's Mites, Jesus explains to his disciples that the small sacrifices of the poor mean more to God than the extravagant donations of the rich (Mark 12:41-44, King James Version). If the widow's mites were worth 2 cents in the first century and they earned 12% interest for 2000 years, what would they be worth today? Use the calcu
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 53P
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In the Parable of the Widow's Mites, Jesus explains to his disciples that the small sacrifices of the poor mean more to God than the extravagant donations of the rich (Mark 12:41-44, King James Version).
If the widow's mites were worth 2 cents in the first century and they earned 12% interest for 2000 years, what would they be worth today? Use the calculation to discuss the time value of money.
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