1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sdas [7]
3 years ago
9

In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price

he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 6% annual interest rate, what is its value as of 2018 (392 years later)?
Business
1 answer:
nalin [4]3 years ago
6 0

Answer:

$199,576,970,307.56

Explanation:

Given:

Price paid for the island = $24

Annual interest rate, r = 6%

Duration, n = 392 years

Now,

Future value is given as:

Future value = Present value × ( 1 + r )ⁿ

on substituting the respective values, we get

Future value = $24 × ( 1 + 0.06 )³⁹²

or

Future value = $24 × 8315707096.148

or

Future value = $199,576,970,307.56

You might be interested in
People often use products or services that are _________, to indicate who or where they are in the social hierarchy
Setler79 [48]

Answer:

Status Symbols

Explanation:

According to Oxford dictionary; a status symbol is "a possession that is taken to indicate a person's wealth or high social or professional status."

Hence status Symbols are external displays of the possessors' wealth and social status. These goods can not be possessed by people who do not belong to that social status or profession.

5 0
2 years ago
Inappropriate practices and activities related to consistency of care include:
Ira Lisetskai [31]

Inappropriate practices and activities related to consistency of care include changing caregivers often do infants get comfortable being with different adults .

<u>Explanation: </u>

Consistency of care means a small variability in the care industry from shift to shift from day to day, to the nursing assistant, to the resident, to the caregiver and to the patient to the patient.

Continuity of care ensures that each caregiver transition is managed seamlessly to notify the next shift of what was being learned and what needs attention. Medical records are not enough: handwriting is usually poor, time consuming communication, and nurses experience and explain in various ways the same patient risk factors.

Across one side, different eye pairs on such a patient are useful, with a range of symptoms and signs and theories established. And on the other hand, the eyes must still maintain the clear identification of important issues and indicators.

6 0
3 years ago
Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit a
Anna11 [10]

Answer:

$6,000

Explanation:

A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.

Step 1: 10,000 - 2,000 = 8,000

A co-pay is a fixed amount the insured has to pay for certain medical services.

Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600

Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)

Total amount that Conor will have to pay for the hospital: $3,600

3 0
3 years ago
Which of the following statements is CORRECT? If Disney issues additional shares of common stock through an investment banker, t
nata0808 [166]

Answer:

The answer is: As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

Explanation:

Money market transactions involve financial instruments with high liquidity and short-term maturities. Usually the securities have a one year or less maturity date.

A few examples of commonly traded securities are:

  • Banker’s Acceptance
  • Treasury Bills
  • Repurchase Agreements
  • Certificate of Deposits  
  • Commercial Papers
8 0
3 years ago
Spears Co. had net sales of $53,404 million. Its average total assets for the period were $16,302 million. Spears' total asset t
liraira [26]
Given:
net sales = 53,404,000,000
Average total assets = 16,302,000,000

Total asset turnover is calculated by divided net sales by the average total assets.

Total asset turnover = net sales / average total assets 
T.A.O = 53,404,000,000 / 16,302,000,000
T.A.O = 3.2759 OR 3.3

The total asset turnover indicates the company's ability to efficiently deploy its asset in generating revenue. 
7 0
3 years ago
Other questions:
  • For each of the following fixed assets, determine the depreciation expense for Year 3: Disposal date is N/A if asset is still in
    12·2 answers
  • In 1972, computer scientist ________ recognized that digital devices would change the world as they evolved and became widely us
    15·1 answer
  • When individuals are unemployed because they lack the qualifications to fill available jobs. True or False
    5·2 answers
  • The marion's clothing has a gross profit of $700,000 and $240,000 in depreciation expense. the preston's pants also has $700,000
    14·1 answer
  • Demarcus says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Dema
    6·1 answer
  • What is a critical factor in determining whether something gets produced as a public good?
    15·1 answer
  • How to deal with a complainer in a business?
    9·2 answers
  • An Intermediate license is available to drivers between the ages of _______
    5·1 answer
  • Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufact
    8·1 answer
  • Why should teenagers, in particular, look for no fee savings accounts?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!