Brief Principles of Macroeconomics...
Brief Principles of Macroeconomics...
According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for $24. If they had invested this amount at an interest rate of 7 percent per year, how much, approximately, would they have today?
Calculation of future value of money.
The future value can be calculated as follows:
Chapter 9 Solutions
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