In 1626 , Peter Minuit purchased Manhattan Island from the Native Americans for s24 worth of trinkets and beads. Find what the $24 would be worth in the year 2018 if it had been deposited in a bank paying 3% interest compounded quarterly. (Round your answer to the nearest dollar.) BERRAPCALCBR7 4.1.021. Buying a "vacation timeshare" means buying the right to use a vacation property for a fixed period each yeart suppose that you pay $600 for a vacation timeshare and receive a "money-back guarantee" that at any time the company wim buy back your timeshare, or if not, give you a $1200 bond. The deception, however, is that the bond is not redecmable for 45 years. Find the real value of the "guarantee" - that is, find the present value of $1200 in 45 years (assume a soulterest ratel compounded annually). (Round your answer to the nearest cent.)