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Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be $47. Suppose that this money was invested at an

Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be $47. Suppose that this money was invested at an annual rate of 5.5% compounded quarterly. What would this investment be worth in 2010? (Round your answer to the nearest billion.) $__________ billion

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