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GEMINI

Calculate the value of $7 per day for 10 years assuming a 4% interest rate per year

Okay, let’s figure out the future value of saving $7 per day for 10 years with a 4% annual interest rate. Since the contributions are made daily, we should consider the compounding effect more frequently than annually.
Here’s how we can approach this:
1. Calculate the total number of contributions:
* Number of years = 10
* Days per year = 365
* Total number of contributions = 10 \times 365 = 3650
2. Calculate the daily interest rate:
* Annual interest rate = 4% = 0.04
* Daily interest rate (approximately) = \frac{0.04}{365} \approx 0.000109589
3. Use the future value of an ordinary annuity formula:
Since the $7 is saved at the end of each day, this is an ordinary annuity. The formula for the future value of an ordinary annuity is:
FV = P \times \frac{(1 + r)^n - 1}{r}
Where:
* FV = Future Value
* P = Periodic Payment ($7)
* r = Interest rate per period (daily rate \approx 0.000109589)
* n = Total number of periods (3650)
4. Plug in the values and calculate:
FV = 7 \times \frac{(1 + 0.000109589)^{3650} - 1}{0.000109589}
FV = 7 \times \frac{(1.000109589)^{3650} - 1}{0.000109589}
FV \approx 7 \times \frac{1.491756 - 1}{0.000109589}
FV \approx 7 \times \frac{0.491756}{0.000109589}
FV \approx 7 \times 4487.28
FV \approx 31410.96
Therefore, saving $7 per day for 10 years at a 4% annual interest rate would result in approximately $31,410.96.

So are search engines. I threw away all my handbooks, encyclopedia, notebooks.
I can find answers to any questions I have at DuckDuckGo.

AI is nothing more than search engine on steroids. That needs lots of servers. And that needs lots of electric power. Green energy does not produce much reliable power.

I had a broken tooth extracted on last monday. I still have some residual pain. I inquired at DuckDuckGo and found out it takes about a week to heal but complete healing could take a month. See I did not needed to call the dentist who would just ask me to make follow up appointment. Few clicks with mouse is much easier.

Yep- another emerging area of ai interest is in investing. Stock market- ai can very quickly spot emerging prospects, spot stocks that are losing or gaining or possibly about to based o n certain criteria and inputs- Will it put stock brokers and investment firms out of business? Or severely limit their usefulness once fol,s figure out how to harness the power of ai investing advice a d suggestions? Will there be suits agaisnt ai companies if folks lose their shirts using it? How Will ai protect itself from suits going forward? Lots of questions. I note that ai is already being used in areas like court cases, and questions about the lega,ity of it being used for defense is being g called into question.

A court case where a man tried to use an ai figure to “stand in for him” because “he was too nervous stand before a judge” was just recently in the news, and the judge threw a fit over it. Not sure how the case came out thouhg. But I think,it was kinda bri.liant atte pt to stretch the boundaries and test the waters- the ai in the case was basically an avatar onscreen, an I think was using ai to answer questions about the case instead of the guy himself onscreen. The judge however flipped out over it, claiming it was “disrespectful”- the story wax on Newsmax the other night-

“AI doesn’t think, but it is a very useful tool.”

exactly ... Grok 3, for example, is great at searching the Internet and presenting the results in natural language ... i’ve often performed searches the laborious, old-fashioned way and then used Grok 3, and it’s obvious that Grok 3 searched and used the same sources i found.

there’s nothing the least bit intelligent about that, but it IS a fantastic time saver!

when AI can provide the plans for safe and effective nuclear fusion energy generators BEFORE we figure it out ourselves, for example, then i’ll admit that AI is intelligent ...