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In 1 6 2 4 , an explorer purchased an island from a tribe in exchange for goods that would have been valued at about

In 1624, an explorer purchased an island from a tribe in exchange for goods that would have been valued at about $29. If the Native Americans had been able to put that dollar amount into a bank account at 6%, how much would the investment have been worth in the year 2020(t=396 years) if interest were compounded a. quarterly? b.365 times per year?
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a. How much would the investment be worth if the money were compounded quarterly?
A. $477,248,697,377
B. $506,534,371,979
C. $570,607,214,890
D. $537,617,119,557
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