### Home > A2C > Chapter Ch11 > Lesson 11.3.2 > Problem 11-144

11-144.

How many years has it been since the bond was issued? Do you think the state could pay that much?

Use A = *P*(1 + *r*)* ^{n}* to find the worth of the investment.

A = 1,000 *r* = 0.24 *n* = 129

The investment is worth about 1.126 · 10^{15}

The first digit is in the quadrillion place.