SOLUTION: In 1626 the Dutch bought the island of Manhattan from the natives for beads worth $19 . If the natives had received $19 in cash , instead of the beads, and had invested the money a
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Question 1194809: In 1626 the Dutch bought the island of Manhattan from the natives for beads worth $19 . If the natives had received $19 in cash , instead of the beads, and had invested the money at 3% a compounded annually, what would the investment be worth on the anniversary date of the investment in the year 2016? Answer by ikleyn(52884) (Show Source):
