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show all steps and with written description RUBRIC Instructions Legend has it that the Dutch purchased Manhattan island in 1626 from the natives living there

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RUBRIC Instructions Legend has it that the Dutch purchased Manhattan island in 1626 from the natives living there for $24. Suppose that instead the $24 was invested in a savings account earning 5 per cent per year compounded continuously (so our exponential growth model applies). How much would that account be worth today? Find an estimate of the current value of the real estate on Manhattan to compare with this amount. As always explain everything thoroughly

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