In 1626 the Indians sold Manhattan Island to Peter Minuit of the Dutch West Company for $24.

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In 1626 the Indians sold Manhattan Island to Peter Minuit of the Dutch West Company for $24. If they saved just $1 from the proceeds in a bank account that paid an 8% annual interest, how much would their descendents have in 2015?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Nov 12, 2018 10:21 AM

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In 1626 the Indians sold Manhattan Island to Peter Minuit of the Dutch West Company for $24.

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Fundamentals of Engineering Economics

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