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All Content > Blog Entries > Finance » View Article

$24 for Manhattan? A Great Deal---If You Know How to Invest
Summary:
This article analyzes how compound interest helps investments grow. It uses the example of the legendary sale of the Isle of Mahattan as an example.

Great article for a site that wants to provide info for readers. Giving it away cheap, because it has been published elsewhere. Great for fill and copy on your website. I eliminate the effort of filling up your pages!
Details or Sample:
If the Lenape tribe had invested their $24 and earned a return of 6.25%- and didn’t take any withdrawals¬- they would have $371.1 billion by the end of 2006. This outpaces the value of the land they sold. The New York City Department of Finance estimated the property value of all of Manhattan to be around $200 billion in 2006.

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Downloads: 1
Written by: Alexbond
Available File Types:Text
Words: 240

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