Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be $43. Suppose that this money was invested at an annual rate of 5.6% compounded quarterly. What would this investment be worth in 2017? (Round your answer to the nearest billion.)
Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be $43. Suppose that this money was invested at an annual rate of 5.6% compounded quarterly. What would this investment be worth in 2017? (Round your answer to the nearest billion.)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be $43. Suppose that this money was invested at an annual rate of 5.6% compounded quarterly. What would this investment be worth in 2017? (Round your answer to the nearest billion.)
$ billion
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