Suppose you decide to deposit $15,000 into a savings account that pays a nominal rate of 5.20%, but interest is compounded daily. Based on a 365- day year, how much would you have in your account after six months? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.) $14,931.97 $15,239.84 $15,393.78 $15,701.66 In 1626, Dutchman Peter Minuit purchased Manhattan Island from local Native American tribe. Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 5.25% annual interest rate, what is its value as of 2017 (391 years later)? O $9,964,901,953.14 O $11,723,414,062.52 O $13,481,926,171.90 O $15,474,906,562.53