document.write( "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. \n" ); document.write( "
Algebra.Com's Answer #516323 by JulietG(1812)![]() ![]() You can put this solution on YOUR website! $78,456,416.94 would be the payback amount. \n" ); document.write( ". \n" ); document.write( "I used the loan calculator at http://www.calculator.net/loan-calculator.html \n" ); document.write( ". \n" ); document.write( "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 ;-). \n" ); document.write( " |