Objective To learn how to look at compound interest on weird investmentsloans Example 1: About 366 years ago, Long Island in New York State was purchased from the native Indians for bead and trinkets worth, then about $24. Let's assume that inflation since then has been 2% a year, then this works out to $33,718 95 in today's money. Let's call it $72 because it's face it those beads and trinkets aren't worth much today Exercise 1: If that 572 was invested at 5% per annum, compounded monthly, what would that 572 be worth today, or roughly 368 years later Please show your work below Work