In 1636 Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for the and was about $24 worth of goods, including beads, trinkets, cloth, kettles, and are heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (PV) of that price in more current times. If the $24 purchase price could have been Invested at a 4.5% annual interest rate, what is its value as of 2012 (386 years later)? $758,007,120.84 5574.247,318.02 5660,384,991.64 5488,110,646.00