Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be $40. Suppose that this money was invested at an annual rate of 5.9% compounded quarterly. What would...

42 billion is incorrect

Extracted text: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be $40. Suppose that this money was invested at an annual rate of 5.9% compounded quarterly. What would this investment be worth in 2020? (Round your answer to the nearest billion.) $ 42 X billion