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Peter minuet the first director general of new netherlands

Peter Minuet, the first director general of New Netherlands province, purchased Manhattan Island from the local Canarsee Indians for approximately $24 in 1626. It is often claimed that the Indians got a raw deal. If the appropriate interest rate is 8%, what would the $24 the Indians collected be worth in 2010?

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Finance Basics: Peter minuet the first director general of new netherlands

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