According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for

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According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for $24. If they had invested this amount at an interest rate of 7 percent per year, how much, approximately, would they have today?

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Principles of Economics

ISBN: 978-1305585126

8th edition

Authors: N. Gregory Mankiw

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Question Posted: Aug 04, 2017 09:46 AM

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According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for

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The future value of 24 ...View the full answer

Principles of Economics

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