Asked by Lall
in 1626 peter minuit purchase manhattan island for $24. Assuming an exponential rate of inflation of 6% per year, how much will manhattan be worth in 2013
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Answers
Answered by
Steve
24(1.06)^(2013-1626) = $1.49*10^11
you may adjust it depending on whether the final year was an entire year.
you may adjust it depending on whether the final year was an entire year.
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