$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 5.25% annual interest rate, what is its value as of 2018 (392 years later)

FV= $12,338,893,301

Explanation:

Giving the following information:

Initial investment (PV)= $24

Number of periods (n)= 392 years

Interest rate (i)= 5.25% compounded annually

To calculate the value of the initial investment today, we need to use the following formula:

FV= PV*(1+i)^n

FV= 24*(1.0525^392)

FV= $12,338,893,301

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

all of them make sense but, i would have to say ask someone who has been there/or lives there, and/or read recent newspapers from that city.

hope this !