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Sagot :
Manhattan is the island that the Dutch buy from the Native Americans for around $24 in trade items. It was revealed that this acquisition was made instigated by Peter.The same thing happened to New Amsterdam, which is now known as New York City.
The island's future worth is $90,173,767. (Approx)
Given: $24 is the present value in 1626.Rate of interest per year = 4%, or 4/100, or 0.04.The years (1626 to 2012) are 386 years. Future worth Calculation of potential value. 386 Future value equals 24 (1 plus 0.04) 386 Future value equals 24 (1.04) %0 Future value equals 24 (3, 757, 240.28) 90, 173, 766.7 is the future value. The island will be worth $90,173,766.70 in the future.The island's future worth is $90,173,767. (Approx).The Dutch made purchases in 1626 totaling $24 in value.Find the balance in 2008 if $24 had been invested in an account paying 3.5% interest annually. 2008 - 1626 =382 years Using the compound interest formula, we determine: A= P(1 + ") nt).where P = the principal ($24) Interest rate equals 3.5%. (0.035) t = 382 years. In a year, there are n compoundings (1).The data are now entered into the formula 24(1 + 0035 y (1) (382) 1 = 24 (1.035)382 = 24. (509581.462506)- $12,229,955.10.
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