Peter Minuit, director-general of the Dutch West India Company in North America bought Manhattan Island from...

 

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Peter Minuit, director-general of the Dutch West India Company in North America bought Manhattan Island from Native Americans for 60 guilders in 1626. It is reported that 60 guilders was worth about $24 at the prevailing exchange rate. If the return on investment for the last 397 years was 6% per year, who did a better decision? The price of Manhattan Island is estimated US$4 trillion in 2023. Peter Minuit, director-general of the Dutch West India Company in North America bought Manhattan Island from Native Americans for 60 guilders in 1626. It is reported that 60 guilders was worth about $24 at the prevailing exchange rate. If the return on investment for the last 397 years was 6% per year, who did a better decision? The price of Manhattan Island is estimated US$4 trillion in 2023.

Answer rating: 100% (QA)

ROI FVIV IV100 Where FV is the final value of the investment IV is the initial value of the investme... View the full answer