Manhattan Island Sale The Power of Compounding!
{"Image DocumentName": "Manhattan Island Sale The Power of Compounding!", "Image ImageDescription": "Peter Minuit bought Manhattan Island for  24 in Was this a good deal? To answer, determine  24 is worth in the year 2008, compounded at 8%. FYI - The value of Manhattan Island land is well below this figure. Obs! 8% is way to high as historical return! Test 5% 3% or 2 % instead. The value of the purchase then becomes catastrophically exponentially lower!", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}