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

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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) About Me  (Show Source):
You can put this solution on YOUR website!
$78,456,416.94 would be the payback amount.
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I used the loan calculator at http://www.calculator.net/loan-calculator.html
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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 ;-).