According to a 2004 article by Doug Abrahms, the U.S. House of Representatives passed a bill to distribute funds to members of the Western Shoshone tribe.
The article says:
The Indian Claims Commission decided the Western Shoshone lost much of their land to gradual encroachment. The tribe was awarded $26 million in 1977. That has grown to about $145 million through compound interest, but the tribe never took the money.
Assuming monthly compounding the APR (that would give this growth in the award over the 27 years from 1977 to 2004) is ______%.
1 answer