Question: Please show all your work if possible and label the answer. Thank you. Legend has it that the Manhattan Indians sold Manhattan Island to the

Please show all your work if possible and label the answer. Thank you.

Legend has it that the Manhattan Indians sold Manhattan Island to the Dutch in 1626 for $24. In 2018, the value of Manhattan real estate is estimated at, say, $150 billion, that is $150,000,000,000 (1.5 x 10"). Suppose that the Manhattan Indians had taken that $24 and invested it at 6.2% compounded annually. Would they now be able to buy back Manhattan Island? Explain

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