SOLUTION: some estimate the (2012) CURRENT VALUE OF MANHATTAN TO BE ABOUT $8000,000,000,000 Assuming this is true, what would be the fair price for Peter to pay for Manhattan in 1626, assumi

Algebra.Com
Question 962614: some estimate the (2012) CURRENT VALUE OF MANHATTAN TO BE ABOUT $8000,000,000,000 Assuming this is true, what would be the fair price for Peter to pay for Manhattan in 1626, assuming an interest rate of 5% compounded annually?
Answer by Fombitz(32388)   (Show Source): You can put this solution on YOUR website!
It's 2015? Are you traveling from the past?




RELATED QUESTIONS

Suppose that you bought a car in mid-2009 for $10,000. If its value (in current dollars)... (answered by Solver92311)
The statement of financial position of A LTD on 31 December 2020 was as follows;... (answered by ikleyn)
A house is purchased for 1,000,000 in 2002. The value of the house is given by the... (answered by ikleyn,Alan3354)
A small-time bingo costs 100 for 5 games. The prize for the first three games is 5,000,... (answered by ElectricPavlov)
The following aged accounts receivable schedule was prepared for Dulax paints at the end... (answered by ikleyn)
What power of 10 is needed to write the number 47,000,000 in scientific... (answered by josgarithmetic)
Company ABC estimates the net profit on a new product it is launching to be Rs. 3,000,000 (answered by CPhill)
The population of one city was about 575,000 in 2010. The population of the city is... (answered by josgarithmetic)
Question photo link file:///C:/Users/chane/Downloads/mceclip0-1648477662552.webp (answered by ikleyn)