Business
Business, 03.06.2021 02:10, preguntassimples

Approximately 395 years ago, the Dutch settler, Peter Schaghen, purchased Manhattan Island from the Lenape Indians for 60 guilders (about $35 USD) worth of various commodities. Assume the Lenape Indians sold the commodities and invested the $35 earning a 7.5% annualized compounded return. What would their investment be worth today (395 years later)

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Approximately 395 years ago, the Dutch settler, Peter Schaghen, purchased Manhattan Island from the...

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