In 1627, an explorer convinced a group of indigenous peoples to sell him an island for $23 into a bank account paying 7%, how much would the investement be worth in the year 2004 if the interest were compounded. a. Monthly? b. Continously?a. How much would the investment be if be worth if the money were compounded monthly? a) 6,158,297,097,981 b) 6,603,480,893,131 c) 7,080,847,060,828 d)5,743,126,051,361b. How much would the investment be worth if the money were compounded continously? a)7,131,154,194,955 b)6,199,527,627,283 c)7,648,221,215,875 d)6,649,044,100,173
