According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for

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According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for $24. If they had invested this amount at an interest rate of 7 percent per year, how much, approximately, would they have today?

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Principles Of Macroeconomics

ISBN: 9780357133491

9th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 28, 2024 08:01 AM

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According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for

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Principles Of Macroeconomics

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