Consider the case of Peter Minuit and the American Indians. In 1626, Minuit bought all of Manhattan Island for about $24 in goods and trinkets. This sounds cheap, but the Indians may have gotten the better end of the deal. To see why, suppose the Indians had sold the goods and invested the $24 at 10 percent. How much would it be worth today? (assume 385 years have passed) 2.07 10^9 O 3.07 10^17 3.07*10^19 O 2.07*10^17

Consider the case of Peter Minuit and the American Indians, In 1626, Minuit bought all of Manhattan Island for about $24 in goods and trinkets This sounds cheap, but the Indins may hove gotten the better end of the deal. To see why, suppose the Indians had sold the goods and invested the $24 at 10 percent. How much would it be worth today? (assume 385 years have passed) 2.0710%9 307+0+7 3.07:1019 2.0711017