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Alekssandra [29.7K]
3 years ago
6

According to an old myth, native americans sold the island of manhattan about 400 years ago for $24. if they had invested this a

mount at an interest rate of 7 percent per year, approximately how much would they have had today? $3.6 billion $13.6 trillion $2,030 $10,272
Business
1 answer:
Leya [2.2K]3 years ago
7 0

Answer:

The correct choice from given options is <u>"$13.6 trillion".</u>

Explanation:

Native Americans sold the island of Manhattan about 400 years ago for $24

n = number of years = 400

Amount spent on island = $24

Interest rate of invested amount = 7 percent per year

r = 7% = 0.07

cost today  = ?

By using the formula;

Cost today= (1+r)ⁿ x Amount spent on island

= (1+0.07)⁴⁰⁰ x $24

<u>= $13.6 trillion</u>

<u></u>

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It would be time consuming and too operational if analysts are concerned with every percentage movement in the financial statements.

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The process of linking relief and development is often a major deviation from the missions of both development and relief agenci
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The process of linking relief and development is often a major deviation from the missions of both development and relief agencies.-----False

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What is development and relief agencies?

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An organization whose duties include consolidating small loads of freight, negotiating shipping rates, and booking space on tran
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Answer:

Freight Forwarder

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Forwarders involves with a carrier or with the number of carriers to transfer the goods.

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Inflow of the company is the income of the company that it gets from the sale of the goods and the services that have been produced by the company by using raw material, labor and so on.

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Answer:

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I solved this using an elimination process, since we can infer:

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