carastudies231 carastudies231

13-03-2024
History

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In 1926, Peter Minuit purchased Manhattan Island from the Native Americans for $24 worth of trinkets and beads. If the $24 had been deposited in the bank at an annual interest rate of 4%, what would it be worth in the year 2020?
a) $527.96
b) $1,527.96
c) $4,670.36
d) $8,172.49

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