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In 1 9 2 6 , peter Minuit purchased Manhattan Island from the native americans for $ 2 4 worth of trinkets and beads. Find

In 1926, peter Minuit purchased Manhattan Island from the native americans for $24 worth of trinkets and beads. Find what the $24 would be worth in the year 2020 if it had been deposited in the bank paying 4% interest compounded quarterly .

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