SOLUTION: Assuming that the Indians really did sell Manhattan for the legendary $24, further assuming that the sale took place exactly 300 years ago compute amount of money the Indians would

Algebra.Com
Question 857011: Assuming that the Indians really did sell Manhattan for the legendary $24, further assuming that the sale took place exactly 300 years ago compute amount of money the Indians would now have if they had placed the money in a bank that paid 5% interest per year, compounded continuously and kept it there until today.
Answer by JulietG(1812)   (Show Source): You can put this solution on YOUR website!
$78,456,416.94 would be the payback amount.
.
I used the loan calculator at http://www.calculator.net/loan-calculator.html
.
However, I don't think trade goods appreciate in this manner. The Dutch certainly got a bargain for Manhattan. They paid the same for Staten Island. Not entirely sure that was worth it ;-).

RELATED QUESTIONS

Dutch settlers purchased Manhattan Island from the Manhattan Indians for $24. If the... (answered by stanbon)
IN 1964, Peter Minuit paid about 24$ to the Indians for Manhattan Island. WHat would be... (answered by richwmiller,Alan3354)
some estimate the (2012) CURRENT VALUE OF MANHATTAN TO BE ABOUT $8000,000,000,000... (answered by Fombitz)
The boiling and freezing temperatures of water are different in the two scales. Assuming... (answered by Theo)
Assuming the partnership (answered by ikleyn)
You need $400 badly, and decide to write a check at a check cashing place to get that... (answered by Alan3354)
Mike and Bill sell cars for Jangle's Auto. Over the past year they sold 640 cars.... (answered by rfer)
Art and Paul sell trucks for Blue Auto. Over the past year they sold 240 trucks.... (answered by knighty2002uk)
Angela and Josh sell large HDTVs for Bust Buy. Over the past year they sold a combined... (answered by ikleyn)