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Business, 16.04.2020 04:46 orianabrown15

In 16261626, an explorer convinced a group of indigenous peoples to sell him an island for $ 23.$23. If the indigenous peoples had put the $ 23$23 into a bank account paying 5 %5%, how much would the investment be worth in the year 20012001 if the interest were compounded a. quarterlyquarterly? b. continuously?

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