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2. Peter Minuit was governor of New Netherland and as purchase of Manhattan Island from the natives - pera or Metoac tribe known as the
2. Peter Minuit was governor of New Netherland and as purchase of Manhattan Island from the natives - pera or Metoac tribe known as the "Canarsee in exchange valued at 60 guilders, traditionally converted to have sold the trade goods for $24 in 1626, and pu from a 8 $24. If the Indians would 1 account that earned 5% it be worth today? per year compounded annually, how much would A $24 to $1,000 B. $1,000 to $1,000,000 (that is, one thousand to one million) C. $1,000,000 to $100,000,00o (that is, one million to one hundred million) D. $100,000,000 to $1,000,000,000 (that is, one hundred million to one billion) E. More than $1,000,000,000 (that is, more than one billion) 3. For the previous problem, how much would the $24 be worth today if the interest rate was 5% simple interest? A. $24 to $1,000 B. $1,000 to $1,000,000 C. $1,000,000 to $100,000,000 D. $100,000,000 to $1,000,000,000 E. More than $1,000,000,000 2. Peter Minuit was governor of New Netherland and as purchase of Manhattan Island from the natives - pera or Metoac tribe known as the "Canarsee in exchange valued at 60 guilders, traditionally converted to have sold the trade goods for $24 in 1626, and pu from a 8 $24. If the Indians would 1 account that earned 5% it be worth today? per year compounded annually, how much would A $24 to $1,000 B. $1,000 to $1,000,000 (that is, one thousand to one million) C. $1,000,000 to $100,000,00o (that is, one million to one hundred million) D. $100,000,000 to $1,000,000,000 (that is, one hundred million to one billion) E. More than $1,000,000,000 (that is, more than one billion) 3. For the previous problem, how much would the $24 be worth today if the interest rate was 5% simple interest? A. $24 to $1,000 B. $1,000 to $1,000,000 C. $1,000,000 to $100,000,000 D. $100,000,000 to $1,000,000,000 E. More than $1,000,000,000
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