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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 an explorer purchased an island from a tribe in exchange for goods that would have been valued at about $ If the Native Americans had been able to put that dollar amount into a bank account at how much would the investment have been worth in the year years if interest were compounded a quarterly? b times per year?
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a How much would the investment be worth if the money were compounded quarterly?
A $
B $
C $
D $
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