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Posted on Jul 29, 2024

Suppose that the purchase price of Manhattan in 1 6 2 6 was recently re - estimated by historians to be $ 4 8 .

Suppose that the purchase price of Manhattan in

1626

was recently re

-

estimated by historians to be $

48 .

Suppose that this money was invested at an annual rate of

6 %

compounded quarterly. What would this investment be worth in

2015 ? (

Round your answer to the nearest billion.

)

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