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In 1803, Jefferson arranged the Louisiana Purchase from France for about $15 million. The Purchase added 827,987 square miles of territory to the U.S. Assume
In 1803, Jefferson arranged the Louisiana Purchase from France for about $15 million. The Purchase added 827,987 square miles of territory to the U.S. Assume the annual interest rate = 3%, what is the current value (i.e., at 2021) of the $15 million paid in 1803?
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