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AccordingtotheInternationalInstituteofSocialHistory ( Amsterdam ) , the amount of money used to purchase Man hattan Island in 1 6 2 6 is valued at $ 1

AccordingtotheInternationalInstituteofSocialHistory (Amsterdam), the amount of money used to purchase Man hattan Island in 1626 is valued at $1,050 in terms of todays dollars. If that amount were instead invested in an account that pays 4% per annumwithcontinuous compounding, what would be the value of the investment in 2020? Compare with the case that interest is paid at 6% per annum.

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