In 1526, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been Invested at a 4.75% annual interest rate, what is its value as of 2018 (392 years later) $2.518.636.977.25 $1.621.849.568.69 $2.194,267,062.52 51.908,058.316.10