In 16261626, an explorer convinced a group of indigenous peoples to sell him an island for $ 23.$23. If the indigenous peoples had put the $ 23$23 into a bank account paying 5 %5%, how much would the investment be worth in the year 20012001 if the interest were compounded a. quarterlyquarterly? b. continuously?

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer; balance sheets;