For people on smartphones, here is what tehwebguy wrote: -- Smith: Take an account with a $100,000 balance and reduce it by 2 percent a year. At the end of 50

For people on smartphones, here is what tehwebguy wrote: -- Smith: Take an account with a $100,000 balance and reduce it by 2 percent a year. At the end of 50 years, that 2 percent annual charge would subtract $63,000 from your account, a loss of 63 percent, leaving you with just a little over $36,000. Is this math right? It doesn't seem like this is how the calculation would be done. --