Using I-84 is encourged. 1) Legend has it that the Manhattan Indians sold Manhat

Question

Using I-84 is encourged.
1) Legend has it that the Manhattan Indians sold Manhattan Island to the Dutch in 1626 for $24. In 2001, the total value of Manhattan real estate was estimated to be $136,106 million. Suppose that the Manhattan Indians had taken that $24 and invested it at 6.2% compounded annually (a relatively conservative investment goal). Could the Manhattan Indians have bought back the Island in 2001?

Justify your answer.

N= FV=
I%= P/Y=
PV= C/Y=
PMT= PMT: END BEGIN

2) Find the time (to the nearest 0.1 year) it would take $10,000 to grow to $15,000 at 5.25% interest compounded semiannually.

N= FV=
I%= P/Y=
PV= C/Y=
PMT= PMT: END BEGIN

3) You can lease a $15,000 car for $300 per month. For how long (to the nearest year) should you lease the car so that your monthly payments are lower that if you were purchasing it with an 8% -per-year loan?

N= FV=
I%= P/Y=
PV= C/Y=
PMT= PMT: END BEGIN

YOU HAVE TO ANSWER ALL QUESTIONS CORRECTLY TO BE RATED 5 STARS

Explanation / Answer

netleasenews.blogspot.com/2006_01_01_archive.html -

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.